GTT books new LNG tank contract from Hyundai Samho

South Korea’s Hyundai Samho Heavy Industries has contracted France’s GTT to design tanks for new liquefied natural gas (LNG) carriers.

According to a statement on Tuesday, GTT will provide design and associated engineering services for the tanks of two 174,000-cbm LNG carrier.

Also, GTT said the vessel would feature its Mark III Flex membrane containment system.

HSHI will deliver the vessel in the first quarter of 2026 to an unidentified owner in Europe.

GTT said it won the order in the second quarter, but it did not provide any additional information.

This contract could be related to an announcement by HSHI’s parent KSOE on June 16.

KSOE said in that announcement that HSHI would build two 174,000-cbm LNG carriers for $480 million, or about $240 million per vessel, and deliver them by March 2026 to an unidentified shipowner based in Oceania.

This order is tied to Evangelos Marinakis-led Capital Gas.

Last year, Capital Gas ordered in total four 174,000-cbm LNG carriers at Hyundai Heavy and one at Hyundai Samho.

With this new order, the Greek company’s managed fleet will rise to 14 vessels.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

GTT won orders for 10 LNG carriers in H1

French LNG containment giant GTT received orders for ten liquefied natural gas carriers and seven very-large ethane carriers in the first half, while its revenue rose 32 percent compared to the same period last year.

GTT, partners to develop new LNG carrier

French LNG containment giant GTT has signed a joint development project with seven firms to develop a 200,000-cbm LNG carrier.

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container vessels.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.