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

Corporate

Daniel Kalms leaves Woodside

Woodside's executive vice president and chief operating officer international, Daniel Kalms, is leaving the Australian LNG player.
Vessels

Hanwha Ocean launches Singapore’s first FSRU

South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.
Contracts and Tenders

Lithuania’s Ignitis to sign long-term LNG supply deal with EQT

Lithuanian state-controlled energy company Ignitis will sign a long-term LNG supply and purchase agreement with a unit of US natural gas producer EQT following the completion of a tender.

More News Like This

LNG as Fuel

Conrad, Samsung Heavy get ABS OK for LNG bunkering barge

Shipbuilders Conrad and Samsung Heavy received approval in principle from classification society ABS for the basic design of a 12,000-cbm LNG bunkering articulated tug-barge (ATB) intended for construction in the United States.
Vessels

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.
Corporate

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.
Contracts and Tenders

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.