GTT clinches order for LNG carrier quartet

French LNG containment giant GTT has secured orders for four new liquefied natural gas carriers from two South Korean yards.

GTT said in a statement it had won the orders in May from Hyundai Samho and Hyundai Heavy to design the tanks of the LNG tankers.

Each of the yards will build two 174,000-cbm LNG carriers for an unidentified Asian owner.

According to the Paris-based firm, these LNG carriers would be fitted with its Mark III Flex membrane containment system.

The Asian owner would take delivery of the vessels between the first and the fourth quarters of 2025, GTT said, but it did not provide any additional information.

This order is most likely related to the announcement by KSOE issued on May 17.

KSOE said in that announcement that the deals for the four LNG carriers were worth about 1.17 trillion won ($910 million) or some $227.5 million per vessel.

Sources and brokers said that South Korea’s SK Shipping had ordered these four vessels on the back of a charter with Malaysian energy giant Petronas.

Most Popular

Venture Global gets FERC OK to boost Plaquemines LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal in Louisiana to 27.2 mtpa.

Asyad Shipping sells LNG carrier

Oman's Asyad Shipping has sold a 2006-built steam liquefied natural gas (LNG) carrier, according to brokers.

First Rio Grande LNG tank taking shape

US LNG developer NextDecade continues to make progress on the first phase of its Rio Grande LNG export plant in Texas, including the first 180,000-cbm storage tank.

More News Like This

GTT still expects more than 450 LNG carrier orders in next 10 years

French LNG containment giant GTT still expects more than 450 orders for large LNG carriers over the next ten years, according to GTT’s chief Philippe Berterottière.

GTT secured orders for 72 LNG carriers in 2024

French LNG containment giant GTT received orders for 72 liquefied natural gas carriers in 2024, while its revenues rose 50 percent compared to 2023.

HD Hyundai Heavy to install new type of engine on Excelerate’s FSRU

Excelerate Energy's new floating storage and regasification unit (FSRU), which is currently under construction at South Korean shipbuilder HD Hyundai Heavy Industries, will feature the world’s first H54DF HiMSEN engine.

GTT’s CEO Choimet resigns

Jean-Baptiste Choimet has resigned as GTT's chief executive officer just eight months after he took the top job at the French LNG containment giant.