The firm reported a net profit of about 1.64 billion riyals ($450.4 million) for the year ending December 2024. This compares to 1.56 billion riyals in 2023. According
In January last year, Nakilat placed orders worth about $955 million with South Korea’s Hyundai Samho for the construction of two LNG tankers and four LPG/ammonia carriers.
Moreover, Nakilat signed charter agreements in March with LNG giant QatarEnergy for 25 conventional-size LNG carriers as part of the second phase of its massive shipbuilding program.
Seventeen of the 25 LNG vessels are being constructed at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being constructed at Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering.
QatarEnergy also signed a time charter and operation agreement with Nakilat for nine 271,000-cbm LNG carriers.
The nine QC-Max vessels will be constructed at China’s Hudong-Zhonghua.
Nakilat now has 36 LNG carriers and four LPG/ammonia carriers on order.
The total vessel count in the company’s fleet will reach 114 once all the vessels are delivered, including 105 LNG carriers.
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