Arabian gas carrier Nakilat sustains profits

Dubai-based tanker carrier Nakilat nearly managed to keep its earnings in the third quarter on par with the level seen in the third quarter last year in spite of an overall weaker market for LNG and LPG transports.

Photo: Höegh LNG

Nakilat finished the third quarter with a profit of 749 million QR, or USD 205.6 million, a small setback from the same period last year when the carrier delivered a profit of 757 million QR.

The carrier attributes the sustained income to its long-term contracts, which make the carrier less vulnerable to fluctuations in the LPG and and market.

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