GTT nets order for six LNG carriers

France’s GTT continues to win new orders and has secured a contract from two Korean shipyards for the tank design of six LNG carriers.

The LNG containment specialist said Hyundai Heavy and Hyundai Samho are building the vessels on behalf of European and Asian shipowners.

Furthermore, each vessel will have a capacity of 174,000-cbm and they will feature GTT’s Mark III Flex membrane containment system.

To remind, Anglo-Dutch energy giant Shell announced early August it entered long-term charter contracts for six such carriers.

Shell has signed separate deals for two ships each with units of the three firms. These include Knutsen, Korea Line, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

The dual-fuel X-DF carriers have a price tag of about 220 billion won ($185 million), each.

The vessels will start joining Shell’s time-chartered trading fleet from mid-2023.

Shell inked long-term charter deals for eighth similar ships with the same firms in December 2019. These vessels will also feature GTT’s Mark III Flex system.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

NFE seals Puerto Rico LNG supply deal

NFE said in a statement that the contract is currently under review for approval by the Financial Oversight and...

More News Like This

HD Hyundai Heavy, DNV to work on new LNG carrier design

South Korean shipbuilder HD Hyundai Heavy Industries has signed a memorandum of understanding with classification society DNV to collaborate on the development and verification of an optimized 200,000 cubic meter LNG carrier.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.