Operational Highlights
As global market changes and challenges continued in 2024 within the maritime industry, Nakilat has continued to adapt to all circumstances, demonstrating its strategic vision and reaffirming our unwavering commitment to excellence over two decades of achievements. This year, more than ever, we have achieved sustainable growth in preparation for future opportunities in the evolving energy transport sector.
Our fleet is one of the largest LNG transport fleets in the world, consisting of 74 vessels, including 69 LNG carriers, 4 large LPG carriers, and 1 FSRU. This makes it a key pillar in the global LNG supply chain from Qatar, providing a reliable transport link with a total cargo capacity exceeding 14 million cubic meters, which is approximately 12% of the global LNG shipping capacity. Nakilat also manages and operates 30 vessels, including 25 LNG carriers, 4 LPG carriers, and 1 FSRU. We continue to achieve operational success with steady revenues from long-term contracts with globally trusted partners, such as QatarEnergy LNG and Cheniere.
FSRU (Exquisite) achieved a significant milestone by completing 600 ship-to-ship (STS) operations safely in June 2024. By the end of the year, the unit has completed 72 STS operations safely.
Nakilat vessels played a key role in the clearance process of various new global terminals, adhering to the highest standards of safety and efficiency. We engage with our customers on a regular basis to ensure flawless service that exceed customer expectations. In 2024, Nakilat safely and efficiently executed 11 dry dockings without any accident or incidents.
Qatar Shipyard Technology Solutions
Achieved Zero Lost Time Injuries (LTI) recording a total of 7.9 million hours LTI free.
Accomplished its 300th LNG carrier dry docking project since 2011.
Completed more than 183 ship and rig repair and fabrication projects in 2024.
Received the Sector award 2024 – Onshore Major Hazard from the British Safety Council for maintaining safety standards and managing major hazards in shipyard operations.
Qatar Fabrication Company (QFAB)
Commenced fabrication of four wellhead platform topsides and subsea structures for the QatarEnergy LNG North Field Expansion Project (NFXP / NFE).
Commenced fabrication of subsea structures for the QatarEnergy LNG North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipelines and Subsea Cables Project (COMP1).
Achieved the milestone of 10 million work hours without a Lost Time Injury (LTI), reiterating the company’s commitment to safety
Nakilat Agency Company (NAC)
Celebrated 19 years of operations, offering 24/7 agency services to over 70,000 vessels without any service failures and lost time incidents (LTI’s).
Completed 7 years of strategic partnership with our largest chartering customer to provide global agency services across both load ports in Ras Laffan and over 50 destination port.
Continued large contract wins in support of the North Field Expansion to support Qatar’s E&P industry and renewed several others on better terms to support our business strategy.
Continued growth seen at Doha Heliport and Hamad port through the addition of targeted resources to support the development of maritime services in Qatar beyond the QatarEnergy managed ports of Ras Laffan and Mesaieed.
Facilitated over 12,000 crew movements during the year (including medical attendance and ship-to-ship transfers) in support of Qatar’s hydrocarbon export logistics.
NSW
NSW accrued 16.08 million work exposure hours without incurring Loss Time Incidents (LTIs).
Welcomed 5 new vessels to support QatarEnergy’s operation in Halul Island, alongside a fleet of 3 wellhead maintenance vessels and 2 line boats to transport crew and harbor crafts.
Maintained high demand operation of 14,091 tug jobs in 2024 to support QatarEnergy’s operations in Ras Laffan Port.
Upholding high reliability standards by reaching 99.69% technical availability
Vessel Support Services (VSU)
Around 3385 orders of various types have been handled by VSU services at Ras Laffan for Nakilat-owned, joint-venture and third-party vessels.
The number of clearance and delivery transactions in 2024 was 4442, equalling an average of around 370 movements per month.
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