The result is a $2.2m dip on the QR 757 million ($207.89) profit recorded in the same period in 2015 as fluctuating oil and gas prices bite and the slowdown in ship repair and building activities affect its Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City.
Nakilat md, Eng. Abdullah Fadhalah Al Sulaiti, praised the "resilient" performance despite the downturn and reaffirmed the company’s “steadfast commitment to Nakilat's growth and development strategy, in line with Qatar’s National Vision 2030”.
“Nakilat’s resilient financial performance, despite the current economic climate, is attributed to the prudence and effectiveness of our long-term business strategies. We are actively seeking out new business opportunities to grow our business portfolio and maximize returns for our shareholders.”
“Our joint ventures continue to value-add to our operations, strengthening our ambition to be a global leader and provider of choice for energy transportation and maritime services.”
Nakilat’s LNG fleet, comprising 63 vessels, is the world’s largest. Its ship repair and construction facilities in Ras Laffan are operated via two strategic joint ventures with N-KOM and NDSQ while it also offers a range of marine support services to vessels operating in Qatari waters.
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