Nakilat Signs Fleet Management Agreement with Shell

Doha, October 19 (QNA) - Nakilat Shipping Qatar Limited (NSQL) signed today an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat's LNG fleet from Shell to NSQL. Shell has provided a range of shipping services to Nakilat's LNG fleet since it was established in 2006. These included the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shells Shipping & Maritime expertise. The vessels will be transitioned in three phases starting this year and shall be managed by Nakilat's in-house ship management arm, NSQL, which currently manages four large LPG carriers and four Q-Flex LNG carriers. Nakilat has carried out extensive studies and comprehensive preparations and planning to ensure the successful management of these essential assets to Qatar's gas supply chain from Qatar to the world, which plays a major role in the national economic growth in alignment with the National Vision 2030 Nakilat Managing Director Eng. Abdullah Fadhalah Al Sulaiti said that the agreement marks a milestone in Nakilat's history as it embarks on consolidating a fully-fledged ship operation. He added that it was a pivotal strategic milestone towards Nakilat's ambition of establishing an integrated maritime industry in Qatar. For his part, Vice President of Shell Shipping & Maritime, Dr Grahaeme Henderson said that Shell was proud to be a partner with Nakilat and to continue supporting Qatar's vision of building a world-class shipping business. (QNA)