Investor Relations

Qatar Shipyard Technology Solutions

• Completed a total of 170 projects comprising marine vessels, offshore, industrial engineering &
• rig repairs in 2023
• Successfully delivered the Outboard Slot (OBS) Module Fabrication project to North Oil Company (NOC).
• Signed Fleet agreements with major international shipping companies
• Partnerships with major global vendors on Green shipping solutions and services (various MoU’s and contract agreements with Kongsberg, CRS CCS Repair Solution, Actemium, BoilerMan, Toroshima, CPR Pump Repairs Ltd., Aegir Marine, MAN, HSD Engine etc.).
• Purchase of Vertidrive robotic machines to focus on adopting technology and incorporating innovations to enhance operations and deliver value-added solution.

Qatar Fabrication Company (QFAB)

• QatarEnergy LNG North Field Expansion Project / North Field East (NFXP/NFE) – Commenced construction of four wellhead platform topsides and 8,500 tons of subsea structures.
• QatarEnergy LNG North Field South (NFS) Project – Completed the construction of five wellhead platform jackets.
• QatarEnergy LNG North Field Production Sustainability Project (NFPS) – Commenced the construction of one wellhead jacket (WHP13N).
• McDermott International – Delivered two Spent Caustic Treatment Solution Modules (970 tons) for an Ethane Cracker project.
• Achieved 6 million work hours Lost Time Injury (LTI) free, reiterating the company’s commitment to safety.
• Secured the globally recognized CE mark following a successful audit by the accredited third-party body, Intertek.

Nakilat Agency Company (NAC)

• Commemorated 18 years of operations, offering 24/7 agency services to 65,000 vessels without any service failures and Lost Time Incidents (LTIs).
• Completed 4 years of strategic partnership with our largest chartering customer to provide global agency services across both load port in Ras Laffan and over 50 destination ports.
• Won 4 major contracts 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.
• Accelerated growth at Doha Heliport, Hamad and Mesaieed ports by adding additional resource to support the development of maritime services in Qatar beyond Ras Laffan.
• Facilitated over 1000 crew movements per month (including medical attendance and ship-to-ship crew transfers) in support of Qatar’s hydrocarbon export logistics.

NSW

• NSW accrued 14.6 million exposure hours without incurring Loss Time Incidents (LTIs).
• A new record of 14,354 tug jobs were performed for QatarEnergy at Ras Laffan Port, about 2.2 % higher than
• Maintaining performance of uninterrupted services with a 99.92% technical up time across the fleet.
• The Port of Ras Laffan honored NSW with a Gold Award during its ‘7 Star Safety Audit’.

Vessel Support Services (VSU)

• Around 3500 orders of various types have been handled by VSU services at Ras Laffan for Nakilat-owned, joint-venture and third-party vessels.
• Clearance and delivery of critical spares to Nakilat and JV vessels at Ras Laffan, an average of 364 movements per month.