GTT bags new LNG tank gig

France’s GTT has secured a new tank design order from South Korean shipbuilder Samsung Heavy Industries for one 174,000-cbm liquefied natural gas (LNG) carrier.

GTT announced in a statement that it secured the order in the first quarter of 2026.

The French firm said the vessels’ cryogenic tanks would be fitted with its Mark III Flex membrane containment system.

Delivery of the vessel is expected in 2029.

GTT said that an Asian shipowner had ordered the vessel from Samsung Heavy, but it did not provide further details.

Last month, Samsung Heavy announced that it would build one LNG carrier for an unidentified owner in Oceania for approximately $252 million.

London-based Purus Marine is tied to this new order.

In December last year, Purus placed an order for two LNG carriers at the shipbuilder worth $503 million.

GTT announced several LNG carrier orders since the beginning of this year.

Most recently, the company won an order from HD Korea Shipbuilding & Offshore Engineering for Sonangol’s LNG carrier.

According to GTT’s new chief executive Francois Michel, the company will revise its estimate of more than 450 orders for large LNG carriers over the next ten years due to increased demand for newbuilds.

He sees the number of LNG carriers “significantly upward versus 450.”

Most Popular

Glencore pens Chinese LNG supply deal

Switzerland-based energy trader Glencore has signed a long-term deal to supply liquefied natural gas (LNG) to a unit of China Suntien Green Energy.

Equinor seals long-term LNG SPA with Thailand’s PTT

Norwegian energy firm Equinor has signed a long-term LNG sales and purchase agreement with a unit of Thailand’s PTT.

Atlantic LNG rates continue to increase

Atlantic spot LNG shipping rates rose for the third week in a row, rising $5,250 week-on-week to $25,250 per day, according to Spark Commodities.

More News Like This

China’s Hudong-Zhonghua develops new LNG carrier design

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a new LNG carrier design that features GTT's Next1 containment tech.

South Korea’s Samsung Heavy secures order for LNG carrier quartet

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build four liquefied natural gas (LNG) carriers for approximately $1.05 billion.

Conrad, Samsung Heavy get ABS OK for LNG bunkering barge

Shipbuilders Conrad and Samsung Heavy received approval in principle from classification society ABS for the basic design of a 12,000-cbm LNG bunkering articulated tug-barge (ATB) intended for construction in the United States.

GTT expects 550 LNG carrier orders by 2035

French LNG containment giant GTT expects approximately 550 orders for large LNG carriers over the next ten years, according to chief executive Francois Michel.