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

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

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.

HD Hyundai Heavy lays keel for Excelerate’s FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification...