GTT clinches LNG tank gig from Hyundai Heavy

French LNG containment giant GTT has secured a new order from South Korea’s HD Hyundai Heavy Industries to design tanks for two LNG carriers.

According to a GTT statement, the 200,000-cbm LNG carriers will feature its Mark III Flex+ membrane containment system.

GTT added that HHI plans to deliver the vessels between the second and fourth quarters of 2027 to a European owner, but it did not provide any additional information.

This order is probably related to a recent announcement by HHI’s parent HD Korea Shipbuilding & Offshore Engineering.

KSOE announced orders for six LNG carriers worth abut $1.6 billion, including for two 200,000-cbm vessels scheduled for delivery by November 2027.

These two ships are worth 742.3 billion won ($555 million) or about $277.5 million per vessel

Shipbuilding sources and brokers said that Greece’s Dynagas has ordered the two LNG carriers.

Earlier this year, Dynagas also ordered three 200,000-cbm LNG carriers at HHI for about $261 million per vessel.

Most Popular

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.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

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

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.

Dynagas LNG Partners reports higher Q2 net income

Dynagas LNG Partners, the operator of six LNG carriers that work under long-term charters, reported a rise in its net income in the second quarter compared to the same period in 2024.