Doha: Nakilat, Qatar’s giant LNG shipping company, has fixed a $669mfacility with Qatar National Bank for the refinancing of two existing LNG vessels and the purchase of two additional ones by its joint venture, Maran Nakilat Co Ltd.
Nakilat is aiming double the size of 2005-founded Maran Nakilat fleet from four vessels to eight vessels and to increase its ownership in the joint venture by 10%. The new two vessels are currently under construction in Korea.
Maran Ventures is a subsidiary of Greece’s Angelicoussis Shipping Group. [30/01/14]