GTT bags new LNG tank orders from Korean yards

French LNG tank specialist GTT has won new orders from two South Korean shipyards following a recent contract for four carriers.

Hyundai Heavy Industries and Hyundai Samho awarded the orders to GTT, the Paris-based firm said in a statement on Monday.

Under this order, the French firm will design the tanks for six 174,000-cbm LNG carriers.

All of the newbuilds will feature GTT’s Mark III Flex membrane technology.

In addition, Hyundai Heavy will build two of these vessels on behalf of an Asian shipowner and two for a European owner, according to GTT.

GTT said Hyundai Samho would build two LNG carriers for a European owner as well.

The Korean yards would deliver the ships between the last quarter of 2023 and the third quarter of 2025, GTT said without revealing any additional information.

HHI and Hyundai Samho have lately secured orders for several LNG carriers including the six 174,000-cbm vessels which will go on charter to Shell.

Shel said earlier this month it had agreed long-term charter contracts for the carriers with Knutsen, Pan Ocean, and investors advised by J.P. Morgan Asset Management.

The Hague-based LNG giant said Hyundai Heavy and Hyundai Samho would build these vessels and start delivering them from 2023.

Most Popular

Venture Global seeks FERC OK to place first Plaquemines LNG phase in service

Venture Global's Plaquemines LNG is seeking approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.

US LNG exports rise to 37 shipments

US liquefied natural gas (LNG) plants sent 37 cargoes during the week ending September 30, up four shipments from the previous week, according to the Energy Information Administration.

Samsung Heavy nets order for two LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build two liquefied natural gas (LNG) carriers for approximately $494 million.

More News Like This

NYK’s LNG carrier named in South Korea

South Korea’s Hyundai Samho hosted a naming ceremony for a new liquefied natural gas (LNG) carrier owned by Japan's NYK and chartered by Mitsubishi’s unit Diamond Global Energy.

CLdN orders LNG-powered duo in South Korea

Luxembourg-based CLdN has ordered two new LNG dual-fuel RoRo vessels from South Korea's HD Hyundai Heavy Industries.

LR: 200,000 cbm LNG carriers could deliver $85.5 million benefit to owners

Classification society Lloyd’s Register (LR) has identified 200,000 cbm LNG carriers as a "credible next step" for global LNG fleet renewal, with a potential owner benefit of approximately $85.5 million over 30 years.

HD Hyundai Heavy secures DNV OK for LNG bunkering vessel

South Korean shipbuilder HD Hyundai Heavy Industries has secured approval in principle from classification society DNV for a new 12,000-cbm LNG bunkering vessel design.