Sign in
Qatari shipping and maritime company Nakilat saw a bottomline uptick of 8.3% y-o-y to QAR 1.6 bnin 2023, compared to QAR 1.4 bn the previous year, according to a press release. The company also saw its topline increase 5.7% during the same period to QAR 4.7 bn.
Driving growth during 2023: The company attributes the boost in earnings to efficiencies in operations and management, particularly the company’s ability to circumvent challenges in the market over the previous year. The challenges were driven by geopolitical turmoil in the region but the company has remained “agile in the face of uncertainties”, BOD Chairman Abdulaziz Jassim Al-Muftah said.
ICYMI- Nakilat made an order for six advanced gas vessels from Hyundai Samho Heavy Industries earlier in the month. The order is scheduled for delivery between 2026 and 2027 and will boost the company’s LNG fleet to 71 ships and its LPG fleet to eight.
