Supply Chain Research

LNG tanker operator Nakilat reported 4Q revenues that were 2% better than a year earlier and 4% above analysts’ expectations. That compares to the remainder of the tanker sector that has been underperforming, due to its exposure to oil and chemicals, and is notable given the ongoing embargo against Qatar. The improved revenues fed through to better-than-expected profitability, which at a 72.3% EBITDA margin is the highest in the sector. Looking ahead though its fortunes will depend on the competitive position of Qatari LNG, which itself is facing increased competition from supplies from ...