GTT clinches SHI tank contract for LNG carrier quartet

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

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.

Apollo to buy HitecVision’s Hav Energy

US asset manager Apollo has agreed to acquire HitecVision's Hav Energy, which co-owns a portfolio of 10 newbuild LNG carriers.

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

More News Like This

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

GTT to buy Danelec

French LNG containment giant GTT will spend 194 million euros ($219.6 million) to buy Danelec, a Danish provider of digital solutions.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.