GTT clinches new LNG tank job

GTT received the order during the third quarter of 2024.

Under the order, Samsung Heavy contracted GTT to design tanks for two 174,000-cbm LNG carriers.

These vessels will be fitted with GTT’s Mark III Flex membrane containment system.

Also, the delivery of the vessels is scheduled between the first and second quarters of 2027.

GTT said the yard will build these LNG carriers for an Asian shipowner.

Malaysia’s LNG shipper MISC, a unit of Petronas, recently ordered two LNG carriers at Samsung Heavy.

In parallel, MISC signed a letter of intent with Petronas LNG to charter the two vessels.

MISC said the newbuild LNG carriers will be delivered in 2027, but it did not provide further details regarding the shipbuilding deal with Samsung Heavy.

Samsung Heavy announced in a stock exchange that it had won an order from an Asian owner for two LNG carriers scheduled for delivery by April 2027.

The order is worth 678.3 billion won ($514 million) or about $257 million per vessel.

Prior to this order, GTT secured a contract from Samsung Heavy to design tanks of four 174,000-cbm LNG carriers.

These vessels will also be fitted with GTT’s Mark III Flex membrane containment system.

This order and an order for four LNG carriers at Hanwha Ocean are related to the eight vessels Adnoc Logistics & Services, a unit of UAE’s energy giant Adnoc, ordered at Samsung Heavy and Hanwha Ocean.

Adnoc L&S said on July 1 that each of the shipbuilding deals includes four firm vessels and one optional LNG carrier, for a total of 10 vessels.

The shipbuilding deals are worth $2.5 billion (AED 9.2 billion).