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

TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.

Gasunie, Vopak plan fifth Gate LNG jetty

Dutch partners Gasunie and Vopak plan to build a fifth liquefied natural gas (LNG) jetty at their Gate terminal in the port of Rotterdam.

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

More News Like This

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.

GTT secured orders for 56 LNG carriers in H1

French LNG containment giant GTT received orders for 56 liquefied natural gas carriers, two very large ethane carriers, one FSRU, and five LNG storage tanks in the first half of this year, while its revenue decreased 0.4 percent compared to the same period last year.

GTT bags contract for Petronas-chartered LNG carriers

GTT's marine unit has secured a contract to equip Petronas-chartered liquefied natural gas (LNG) carriers with its digital solutions.

GTT lands new LNG tank contract

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.