Nakilat has expanded its joint venture partnership
with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.
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Nakilat now has ownership interest in 69 vessels,
affirming our global leadership in energy transportation with the world's largest LNG fleet.
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Maran Nakilat Co. Ltd. was first established
in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions.
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Complemented by strategic long-term agreements with well-established charterers, Nakilat has managed to maintain steady cashflow
and generate positive value for our shareholders.
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Nakilat's Board of Directors commended the company's steady
financial results notwithstanding the challenging business environment, a reflection of the company's strength and resilience.