GTT clinches tank job for MOL’s LNG tanker quartet

French LNG containment giant GTT has won an order from South Korea’s Daewoo Shipbuilding & Marine Engineering to design tanks for four new LNG carriers ordered by Japan’s MOL.

GTT said in a statement it would design tanks of four Arc4 174,000-cbm LNG carriers for navigation in cold temperatures.

Each tank would be fitted with GTT’s membrane containment system adapted to the extreme conditions of navigation in Arctic waters, it said.

DSME would deliver these vessels in 2024, GTT said without providing any additional information.

MOL said in September it had ordered four 174,000-cbm LNG carriers at DSME for delivery in 2024.

The Japanese shipping giant signed a charter deal for these ships with a unit of Russian independent LNG producer Novatek.

Furthermore, the newbuilding LNG carriers would feature MAN Energy Solutions engines, which offer “major improvements in fuel efficiency.”

They would also adopt a new design that generates less boil-off gas from cargo tanks through the use of the re-liquefaction unit on board, and a shaft generator system that uses the rotating propeller shaft for power generation, MOL said.

Novatek operates the giant Yamal LNG project but it is also moving forward with the construction of its second export project in the Arctic, Arctic LNG 2.

The two firms have previously partnered on vessels for both of the projects, including Arc7 ice-class LNG tankers.

Also, MOL said earlier this year it would buy stakes in two giant floating LNG storage units from Russian state leasing agency GTLK. The units will serve Novatek’s LNG transshipment terminals in Kamchatka and Murmansk.

These four Arc4 LNG carriers would probably ship LNG from these transshipment terminals to final consumers.

Most Popular

Seapeak books $19.3 million charge as it lays off seafarers on steam LNG carriers

Stonepeak’s Seapeak booked $19.3 million of restructuring charges in the second quarter of this year, primarily due to laying off its Spanish seafarers working on steam LNG carriers.

Golar moving forward with new FLNG order

Floating LNG player Golar LNG is moving forward with its plans to order its fourth FLNG conversion. In order to secure "attractive" delivery, Golar plans to enter into slot reservations for long-lead equipment within the third quarter of this year.

Hanwha’s units, Kospo to jointly buy US LNG

South Korea's Hanwha Aerospace and Hanwha Energy, units of Hanwha, are teaming up with compatriot Korea Southern Power (Kospo) to jointly buy US liquefied natural gas (LNG) supplies.

More News Like This

MOL’s LNG carrier fleet stands at 104 vessels

MOL's large fleet of liquefied natural gas (LNG) tankers had 104 vessels as of the end of June this year.

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.

MOL, Equinor name LNG-powered VLCC

Japan's shipping giant MOL has named an LNG dual-fuel very large crude carrier which will serve Norway's Equinor under a charter deal.

Hanwha Ocean says recovery in LNG newbuild market led by US projects

South Korean shipbuilder Hanwha Ocean expects the recovery in the LNG newbuilding market to be led by US export projects and the phase-out of steam LNG carriers.