“Nakilat” Expands Joint Venture Partnership With Greek “Maran Ventures”.

March 5, 2018

“Nakilat” announced that it has expanded its joint venture partnership “Maran Nakilat” with Greek shipping company “Maran Ventures” to include two additional Liquid Natural Gas vessels.

Maran Nakilat Co. Ltd. was first established in 2005 with a fleet of 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 from 13 to 15 vessels. The two newly added vessels, “Woodside Rogers” and “Woodside Goode”, are equipped with modern technology and built in South Korea 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 meters each.

Nakilat’s Chief Executive Officer Eng. Abdullah Al Sulaiti said, “We are extremely pleased that our strategic partnership is strengthened with this world renowned partner and continues to flourish since the first agreement signed in 2005. This present agreement grows Nakilat’s fleet to 69 vessels, affirming our global leadership in energy transportation with the world’s largest LNG fleet. The company’s growth is a testament of our robust financial performance and strategic planning which has allowed us to further increase our fleet size and strengthen our international portfolio. This expansion comes as part of our efforts to maximize returns for our shareholders and support Qatar’s industry leading position as the world’s top LNG exporter.”

Chairman of Maran Gas, Mr John Angelicoussis said, “We are immensely proud of our partnership with Nakilat, one of the global leaders in clean energy transportation. We look forward to working closely together in the future, continuing to strive to provide a first-class service to all our customers around the world.”