Qatar Gas Transport Company (Nakilat), the world’s largest LNG shipping company, has secured both vessel building and operations contracts for the Gulf state’s Port of Ras Laffan, the company announced earlier this week. This comes at a sensitive time for the company, less than two weeks after it announced a slight decline in net profit for the first three quarters of the year, versus the corresponding period last year.

The contracts were awarded to two of Nakilat’s joint ventures – Shipbuilder Nakilat Damen Shipyards Qatar (NDSQ), and towage operator Nakilat SvitzerWijsmuller (NSW) – and are for the building and operating of seven LNG-related vessels. (CONTINUED - 557 WORDS)