Nakilat Takes Over 1st LNG Carrier Management from Shell
- Business & Finance
Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has taken over the management of Q-Max liquefied natural gas (LNG) carrier Mozah from Shell International Trading and Shipping Company Limited (STASCO).
This is the first vessel to be transitioned as part of the phased management transition agreement the companies signed earlier in October.
Nakilat said that Mozah will also be the first Q-Max LNG carrier to be managed in-house by Nakilat Shipping Qatar Limited (NSQL), a subsidiary of Nakilat, which is currently managing four Q-Flex LNG and four large LPG carriers.
“This management takeover of Mozah today will mark the beginning of another chapter for Nakilat’s operations as we expand our role as a ship manager and move towards consolidating the operations for our wholly-owned vessels in-house,” Nakilat Managing Director Eng. Abdullah Fadhalah Al Sulaiti said.
Mozah, a Q-Max vessel wholly-owned by Nakilat and chartered by Qatargas, has a cargo carrying capacity of 266,000 cubic meters. It has completed 55 voyages, covering almost 700,000 nautical miles, since it was delivered in July 2008.