GTT scores new LNG tank gig

GTT received the order during the third quarter of 2024.

Under the order, HD Hyundai Samho contracted GTT to design tanks for four 174,000-cbm LNG carriers.

These vessels will be fitted with GTT’s Mark III Flex membrane containment system.

Also, the delivery of the vessels is scheduled between the first and fourth quarters of 2027.

GTT said the yard will build these LNG carriers for a European shipowner.

In February this year, Hyundai Samho’s parent HD Korea Shipbuilding & Offshore Engineering announced that the shipbuilder will build four LNG carriers for an unidentified owner in Oceania.

HD KSOE said the delivery of the four LNG carriers is expected to be completed by January 2028.

The contract is worth about 1.43 trillion won or some $1.08 billion.

The price tag of some $270 million per vessel is a record for a single 174,000-cbm LNG carrier.

Shipbuilding sources told LNG Prime at the time that Evangelos Marinakis-led Capital was behind the order for these vessels.

Greece’s Capital Gas already has LNG carriers on order at HD Hyundai Samho and also HD Hyundai Heavy.

Capital Clean Energy Carriers, previously known as Capital Product Partners, recently took delivery of three new LNG carriers from these two yards.

These LNG carriers are part of CCEC’s previously announced umbrella agreement to buy 11 LNG carriers from its sponsor Capital Maritime, led by Evangelos Marinakis, for a total acquisition price of $3.13 billion.

Capital Gas manages all of these LNG carriers.