Qatar carrier grows 24% on LNG rates

Nakilat is one of the world’s largets shippers of LNG, and the Qatari group has improved its position in the second quarter, Reuters reports.

Photo: Milaha

Qatar Gas Transport Co. – also known as Nakilat – has seen a rise in net profit of 24% compared with the same period last year. It is especially the excessively high LNG rates that drive growth for the carrier and shipyard group, according to Reuters.

Net profit landed at USD 65.6 million in Q2, up from about USD 50 million in the second quarter of 2013. The posted profit surpassed analyst forecasts.

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