Nakilat- and Marine (N-KOM) completes its 200th project …

Nakilat-Keppel Offshore and Marine (N-KOM) recently celebrated the completion of its 200th project by undertaking repairs for VLCC (very large crude carrier) ‘Janah Star’ from Vela International Marine.

The delivery of the vessel coincided with the shipyard’s third anniversary, since its opening in November 2010.

With its comprehensive service offering and excellent infrastructure, the shipyard has made significant progress in capturing the regional maritime market and attracting major oil and gas clients in the Middle East and from around the world, an N-KOM spokesman said.

“With the completion of 200th project, N-KOM has positioned itself as a leader in ship repair well recognised by the regional maritime industry as a premium shipyard providing a full range comprehensive shipyard services,” Abdullah Fadhalah al-Sulaiti, chairman of N-KOM and managing director of Nakilat said.

Abu Bakar Mohd Nor, CEO of N-KOM, said it would not have been able to achieve so much in short span of time without the tremendous support from all partners and stakeholders including clients, contractors and vendors.

N-KOM has undertaken dry docking and repairs for gas carriers, tankers, containers and a range of small vessels. The shipyard has also a dedicated offshore and onshore divisions catering to the needs of the oil and gas industry, offering repairs and refurbishments for jack-ups, land rigs and pressure vessels.

“The shipyard is also well poised to take on new-build construction of fixed platform structures and accommodation barges (lift boats),” the spokesman said.

Vela has an excellent relationship with N-KOM, having repaired five VLCCs and a tanker at the shipyard in the past year, according to Khalid Alhammad, technical manager at Vela International Marine.

“We are very satisfied with their quality of services and are equally impressed with the high level of safety upheld at the yard,” he said.

Prior to achieving the 200th project, N-KOM clinched its second ‘Ship repair/Shipyard’ award last week at the Seatrade Middle East and Indian Subcontinent Awards 2013 ceremony.

The facility has also successfully undergone a recertification process by the American Petroleum Institute for its ISO 14001 and ISO 18001 quality systems.

Ahlibank signs LoC with UAE-based Arab Trade Financing Programme

Ahlibank Qatar has signed a line of credit with the UAE-based Arab Trade Financing Programme (ATFP) as part of efforts to offer trade finance and enhance intra-Arab trade.

The line of credit granted to Ahlibank amounts to $20mn to be utilised in financing the foreign trade of Qatar, a bank spokesman said.

Ahlibank Qatar CEO Salah Murad signed the line of credit agreement with Jassim al Mannai, chief executive chairman of ATFP.

Murad highlighted the role played by the ATFP in supporting intra-Arab trade and improving the capabilities of Arab producers and exporters.

Al-Mannai commented the role played by the national agencies, highlighting the importance of credit facilities, trade information and trade promotion services, provided by the ATFP, in developing the production capabilities and competitiveness of the Arab exporters. Source: Gulf Times

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