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GTT said in its financial report that deliveries of these LNG carriers will take place between 2026 and 2031.
The firm booked orders for 25 LNG carriers in the first quarter, 27 LNG carriers in the second quarter, and 16 LNG carriers in the third quarter.
These include the 18 271,000-cbm QC-Max LNG carriers ordered at China’s Hudong-Zhonghua as part of QatarEnergy’s massive shipbuilding program.
Besides LNG carriers, GTT won orders for 12 large-capacity ethane carriers, one FSRU, and one FLNG during January-September.
“With a total of 68 LNG carrier orders, 12 ethane carrier orders, one regasification unit order and one FLNG unit order, the commercial performance of our core business was particularly strong in the first nine months of 2024.,” Jean-Baptiste Choimet, GTT’s new CEO said.
“As demand for LNG grows, so does the need for additional LNG carriers, which is supported bythe ongoing investments in liquefaction plants and increasing construction capacity at shipyards,” he said.
Revenues jump
As of September 30, 2024, GTT’s order book, excluding LNG as fuel, stood at 350 units.
This includes 325 LNG carriers, 16 ethane carriers, two FSRUs, two FLNGs, and also five onshore storage tanks.
The order book for LNG fuel stood at 61 units, all containerships.
Moreover, GTT said its consolidated revenues rose 54.9 percent to 464.7 million euros ($502 million) in the January-September period, while its newbuild revenues reached 429 million euros, up 57.4 percent compared to the same period in 2023.
Choimet said the group’s revenue was driven by the gradual increase in the number of LNG carriers under construction.
GTT received orders for 73 LNG carriers and one FLNG in 2023, down from record 162 orders for LNG carriers in 2022 and higher than 68 orders in 2021.
“Therefore, in the absence of significant delays in vessel building schedules, the group confirms its 2024 objectives, which it now expects at the top of the initial ranges,” Choimet said.
GTT previously said it expects 2024 consolidated revenues of between 600 million euros and 640 million euros in 2024.