Nakilat expands fleet size to 15 vessels through JV

Nakilat expands fleet size to 15 vessels through JV

Nakilat Co. Ltd has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.

Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions. This new agreement increases the number of vessels jointly-owned by Nakilat and Maran Gas from 13 to 15 vessels.

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The two newly added vessels, Woodside Rogers and Woodside Goode, are equipped with modern technology and built by Daewoo Shipbuilding & Marine Engineering Co (DSME). In addition, the two vessels are under long-term charter, and equipped with Dual Fuel Diesel-Electric (DFDE) propulsion models with a capacity of 159,800 cubic metres each.

Nakilat’s Chief Executive Officer Eng. Abdullah Al Sulaiti said, “Nakilat is extremely pleased that our strong partnership with Maran Gas continues to flourish since the first agreement signed in 2005.

“Strategic alliance with renowned partners has been fundamental to our success, and we are always looking for opportunities to grow our international presence. Nakilat now has ownership interest in 69 vessels, affirming our global leadership in energy transportation with the world’s largest LNG fleet.”

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12th Mar 2018

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