AsiaContracts and TendersEurope

GTT clinches SHI tank contract for LNG carrier quartet

By LNG Prime Staff
GTT clinches SHI tank contract for six LNG-powered containerships
For illustration only (Image: Samsung Heavy Industries)

South Korea’s Samsung Heavy Industries has contracted Paris-based GTT to design tanks for four 174,000-cbm LNG carriers.

All of the vessels would feature GTT’s Mark III Flex membrane containment system, GTT said in a statement on Monday.

The LNG containment specialist said it won the contract in October.

Samsung Heavy would deliver the vessels to an unidentified Bermuda-based owner during 2024, GTT said, but it did not provide any additional information.

The Korean yard revealed this order in a stock exchange filing on October 25.

Samsung Heavy said the owner would pay about $206 million per vessel, the highest since 2015.

The yard added it would deliver the ships by the end of 2024, but it also did not reveal any additional information regarding the contract.

Shipbuilding sources told LNG Prime that J.P. Morgan could be behind this order for four new carriers.

According to VesselsVallue data, Global Meridian Holdings, part of J.P. Morgan Asset Management, placed the order for these LNG carriers.

Most Popular

Vessels

BW upgrades LNG carrier

Oslo-based BW LNG, a unit of Singapore’s gas shipping giant BW, is upgrading its 2019-built LNG carrier BW Pavilion Aranda with a sub-cooler.
Vessels

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.
Vessels

Woodside working to charter vessels to ship Louisiana LNG cargoes, CEO says

Australian LNG player Woodside is currently working through how many chartered liquefied natural gas carriers the company will need to ship cargoes from its Louisiana LNG export terminal in the US, according to CEO Meg O’Neill.

More News Like This

Vessels

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.
Corporate

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.
Vessels

Samsung Heavy lays keel for Minerva LNG tanker

South Korea’s Samsung Heavy Industries has laid the keel for a 174,000-cbm LNG carrier being built for Greek firm Minerva Gas, a unit of Minerva Marine.
Contracts and Tenders

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA