GTT clinches SHI tank contract for LNG carrier quartet

South Korea’s Samsung Heavy Industries has contracted Paris-based GTT to design tanks for four 174,000-cbm LNG carriers.

All of the vessels would feature GTT’s Mark III Flex membrane containment system, GTT said in a statement on Monday.

The LNG containment specialist said it won the contract in October.

Samsung Heavy would deliver the vessels to an unidentified Bermuda-based owner during 2024, GTT said, but it did not provide any additional information.

The Korean yard revealed this order in a stock exchange filing on October 25.

Samsung Heavy said the owner would pay about $206 million per vessel, the highest since 2015.

The yard added it would deliver the ships by the end of 2024, but it also did not reveal any additional information regarding the contract.

Shipbuilding sources told LNG Prime that J.P. Morgan could be behind this order for four new carriers.

According to VesselsVallue data, Global Meridian Holdings, part of J.P. Morgan Asset Management, placed the order for these LNG carriers.

Most Popular

GTT opens Qatar office

French LNG containment giant GTT has opened a new office in Doha, Qatar's capital and economic hub. GTT’s chairman Philippe...

BP, partners take FID on $7 billion Tangguh UCC project

BP said in a statement on Thursday the Tangguh Ubadari, CCUS, compression project (UCC) has the potential to unlock...

Pennybacker wraps up acquisition of NFE’s LNG facility in Miami

Pennybacker announced the closing of the deal in a statement on Thursday. NFE said on July 1 that it had...

More News Like This

GTT opens Qatar office

French LNG containment giant GTT has opened a new office in Doha, Qatar's capital and economic hub. GTT’s chairman Philippe...

South Korea’s Samsung Heavy gets OK for wind-assisted LNG carrier

SHI said in a statement the wing sail is a structure in the form of a sail and generates...

Samsung Heavy kicks off work on Minerva LNG carrier

South Korea’s Samsung Heavy Industries has officially started building a 174,000-cbm LNG carrier for Greek firm Minerva Gas, a...

GTT scores tank gig for Celsius LNG carrier

According to a GTT statement on Tuesday, the LNG tank specialist received the order in the fourth quarter. GTT said...