GTT bags new LNG tank orders from Korean yards

French LNG tank specialist GTT has won new orders from two South Korean shipyards following a recent contract for four carriers.

Hyundai Heavy Industries and Hyundai Samho awarded the orders to GTT, the Paris-based firm said in a statement on Monday.

Under this order, the French firm will design the tanks for six 174,000-cbm LNG carriers.

All of the newbuilds will feature GTT’s Mark III Flex membrane technology.

In addition, Hyundai Heavy will build two of these vessels on behalf of an Asian shipowner and two for a European owner, according to GTT.

GTT said Hyundai Samho would build two LNG carriers for a European owner as well.

The Korean yards would deliver the ships between the last quarter of 2023 and the third quarter of 2025, GTT said without revealing any additional information.

HHI and Hyundai Samho have lately secured orders for several LNG carriers including the six 174,000-cbm vessels which will go on charter to Shell.

Shel said earlier this month it had agreed long-term charter contracts for the carriers with Knutsen, Pan Ocean, and investors advised by J.P. Morgan Asset Management.

The Hague-based LNG giant said Hyundai Heavy and Hyundai Samho would build these vessels and start delivering them from 2023.

Most Popular

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Samho has officially started building Nakilat’s first of two LNG carriers as part of an order placed last year.

GTT inks onshore LNG tank pact with China’s BPE

French LNG containment GTT and China's Beijing Petrochemical Engineering (BPE) have signed a deal to cooperate on onshore membrane LNG tanks.