ShippingWatch

Nakilat raises net profit on LNG transport

Qatar-based Nakilat has seen progress in the first nine months of the year in which the LNG shipper managed to raise its net profit 9% over the same period last year.

Photo: Höegh LNG

Gas carrier Nakilat – a shipper of both LNG and LPG - has made great strides. In the first nine months of the year, the Qatar-based carrier reported a net profit of USD 208 million (QR 756.3 million) – a 9% rise compared to the same period last year, a number of media reports reveal.

Earnings per share of QR 1.25 from the nine-month period last year has been raised to QR 1.37 this year. The carrier has been working on reducing costs for some time and has managed to bring down financial costs, as loans have been repaid.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs