CEO Message
Nakilat stands ready to navigate these changes, actively contributing to the global transition toward clean energy solutions. Our role is not only about meeting the marine transport demand; it also involves embracing innovation and fostering a culture of environmental responsibility that shapes the future of our industry.
This year, we continued to expand our fleet through new longterm contracts, further reinforcing our leadership in clean energy transportation. Upon the completion of these projects, Nakilat’s fleet will grow to a total of 114 ships, enhancing our capacity to meet the global growing needs for clean energy transportation.
The shipbuilding program includes:
- Building six advanced gas carriers at Hyundai Samho Heavy Industries scheduled to be delivered between 2026 – 2027:
– Including two LNG carriers, each with a cargo capacity of 174,000 cubic meters.
– Four modern Very Large LPG/Ammonia carriers, each with a capacity of 88,000 cubic meters.
- Our fleet expansion strategy is also strengthened by new long-term contracts with QatarEnergy:
– Including the charter and operation of 25 conventional LNG carriers, each with a capacity of 174,000 cubic meters.
– In addition to nine QC-Max LNG carriers, each with a capacity of 271,000 cubic meters.
Nakilat has been recognized among the Top 100 Listed Companies in the Middle East for 2024. This prestigious honor not only acknowledges our exceptional financial performance but also reinforces our position as one of the companies shaping the economic landscape of the region.
In addition, our commitment to safety and sustainability is underscored by accolades received from the British Safety Council, awarding Nakilat a five-star rating in the Occupational Health and Safety Audit for the eighth consecutive time, and in the Environmental Sustainability Audit for the third consecutive time. These achievements highlight our focus on industry-leading safety standards and our dedication to sustainable practices, fully aligned with the Qatar National Vision 2030.
The company was ranked among the “Sustainability Leaders in the Middle East” for 2024 by Forbes magazine, in recognition of its outstanding efforts in making a profound impact on sustainability initiatives across the region.
Nakilat’s financial performance in 2024 reflects our resilience and focus on sustainable growth. We achieved a net profit of QAR 1.64 billion, marking a 5.1% increase compared to 2023.
This robust performance is a result of our commitment to operational efficiency, innovation, and our agility in navigating an evolving global energy landscape. As the demand for clean energy transportation continues to grow, we are well-positioned to lead the industry through our strategic expansion projects, supported by our commitment to safety, sustainability, and customer satisfaction.
This year, we also launched our Customer Centricity Vision, a key initiative aimed at enhancing the customer experience across all operations. This vision represents our commitment to service excellence and guides our decision-making processes to ensure we meet and exceed our customers’ expectations.
A dedicated task force has worked tirelessly to implement this vision, positioning Nakilat as a leader in customer satisfaction within the maritime sector. The achievements we honor in 2024 are a testament to the hard work, dedication, and expertise. I extend my gratitude to each member of our organization; their contributions are the drivingforce of our success. As we look forward to 2025, I am confident that we will continue to build on our accomplishments, setting new benchmarks for excellence and making a lasting impact on our industry. Together, we will continue to drive Nakilat’s legacy of leadership, innovation, and growth.
Eng. Abdullah Al-Sulaiti
Chief Executive Officer
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