GTT bags DSIC order for two more LNG carriers

France’s GTT confirmed a tank design order for two more 175,000-cbm LNG carriers with China’s Dalian Shipbuilding Industry (DSIC).

GTT said in a statement on Tuesday it had won the order in the second quarter of this year.

DSIC will build the LNG carriers for CMES LNG Carrier Investment and the vessels will feature GTT’s Mark III Flex membrane containment system.

The delivery of the vessels is scheduled between the fourth quarter of 2026 and the first quarter of 2027.

China Merchants Energy Shipping (CMES), a unit of China Merchants Group, announced this order for two more 175,000-cbm LNG tankers in May this year, boosting the total to eight vessels.

The firm said it will pay $235 million for each of the 299.7 meters long LNG carriers.

In addition to two LNG carriers, CMES also two methanol-ready Aframax tankers at DSIC.

The total price tag for the four ships stands at $588.3 million.

DSIC recently kicked off construction of the first of eight LNG carriers for CMES.

In March last year, CMES placed an order for two dual-fuel LNG carriers for $380 million, DSIC’s first order for large LNG carriers.

After after, CMES exercised an option for two more LNG carriers worth $400 million, and added two more vessels in December 2022 with a price tag of about $470 million.

Most Popular

Atlantic LNG shipping rates dip to $3,500 per day

“Global LNG freight rates continue to hit new record lows this week, with the Spark30S (Atlantic) assessment dropping $5,500...

YPF seals deal to join PAE and Golar to develop FLNG project

YPF CEO Horacio Marin announced the signing of the agreement in a social media post on Thursday. The CEO revealed...

MOL’s large LNG carrier fleet expands further

The Japanese shipping firm revealed this in its results report on Friday. This is six more LNG carriers than in the previous...

More News Like This

China’s Hengli gets license to use GTT tech

French LNG containment firm GTT has signed a technical assistance and license agreement with Hengli Shipbuilding (Dalian), part of...

GTT, China Offshore ink FLNG, FSRU pact

French LNG containment giant GTT signed a strategic cooperation agreement with China Offshore Engineering & Technology in Shanghai to...

MSC takes delivery of new LNG-powered containership in China

China’s Dalian Shipbuilding Industry (DSIC) has delivered another LNG-powered containership to Switzerland-based shipping giant MSC. According to a statement by...

Northern Lights welcomes second LNG-powered LCO2 carrier in its fleet

The second Northern Lights JV’s LNG-powered liquefied CO2 carrier has been delivered in China. Northern Lights, the JV consisting of...