AsiaContracts and TendersEurope

GTT nets new LNG tank gig

By LNG Prime Staff
GTT nets new LNG tank gig
For illustration only (Image: GTT)

France’s GTT has secured a new tank design order for two 174,000-cbm liquefied natural gas (LNG) carriers.

GTT received the order in the first quarter of 2025 from an Asian shipyard, which is building the vessels for an Asian shipowner.

The French containment specialist did not reveal the name of the yard or the owner.

GTT said the tanks will be fitted with its NO96 series membrane containment system.

Also, deliveries of the vessels are scheduled for the second and third quarters of 2027.

Looking at recent LNG carrier orders, this contract could be related to South Korea’s Hanwha Ocean.

Last month, the shipbuilder announced it will build two LNG carriers for its shipping unit Hanwha Shipping.

Each vessel is worth $253 million per vessel and Hanwha Ocean will deliver the LNG carriers by September 2027.

GTT received orders for 72 LNG carriers in 2024, while its revenues rose 50 percent to 641.4 million euros ($679 million) compared to 2023.

As of December 31, 2024, GTT’s order book, excluding LNG as fuel, stood at 332 units.

This includes 306 LNG carriers, 16 ethane carriers, three FSRUs, two FLNGs, and also five onshore storage tanks.

Most Popular

LNG Terminals

Atlantic spot LNG rates drop below $80,000 per day

Atlantic spot LNG shipping rates continued to drop this week, decreasing below $80,000 per day, according to Spark Commodities.
Contracts and Tenders

MISC orders LNG vessel for charter to Petronas

Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.
Vessels

GasLog says LNG carrier ‘stable’ after Hormuz incident

Greek LNG shipping firm GasLog said on Saturday that its 2013-built LNG carrier GasLog Shanghai was in "stable" condition following an incident in the Strait of Hormuz.
spot_img

More News Like This

Vessels

GTT expects 550 LNG carrier orders by 2035

French LNG containment giant GTT expects approximately 550 orders for large LNG carriers over the next ten years, according to chief executive Francois Michel.
Corporate

GTT secured orders for 56 LNG carriers in H1

French LNG containment giant GTT received orders for 56 liquefied natural gas carriers, two very large ethane carriers, one FSRU, and five LNG storage tanks in the first half of this year, while its revenue decreased 0.4 percent compared to the same period last year.
Contracts and Tenders

GTT bags contract for Petronas-chartered LNG carriers

GTT's marine unit has secured a contract to equip Petronas-chartered liquefied natural gas (LNG) carriers with its digital solutions.
Contracts and Tenders

GTT lands new LNG tank contract

France’s GTT has secured a new tank design order from South Korean shipbuilder Samsung Heavy Industries for one 174,000-cbm liquefied natural gas (LNG) carrier.