AsiaContracts and TendersEurope

GTT scores SHI order for 14 LNG carriers

By LNG Prime Staff
GTT scores SHI order for 14 LNG carriers
For illustration only (Image: Samsung Heavy Industries)

French LNG containment giant GTT has secured a large order from South Korean shipbuilder Samsung Heavy Industries.

Under the new contract, GTT will design the tanks of 14 174,000-cbm LNG carriers scheduled for delivery from the fourth quarter of 2024 to the third quarter of 2026, according to a statement.

The tanks will be fitted with GTT’s Mark III Flex membrane containment system.

GTT said that SHI is building twelve vessels for an American shipowner and two on behalf of an Asian owner.

The Paris-based firm said it won the order at the end of June, but it did not provide any additional information.

SHI revealed this order worth about $3 billion on June 22. This order is tied to the giant Qatari shipbuilding program.

Sources and brokers said that Global Meridian Holdings, part of J.P. Morgan Asset Management, is behind the order for the 12 LNG carriers.

Moreover, a Korean consortium consisting of H-Line Shipping, Pan Ocean, and SK Shipping, placed the order for the two LNG carriers.

Most Popular

LNG Terminals

LNG shipping rates continue to drop

Spot LNG freight shipping rates in both basins and European prices continued to decrease this week.
Contracts and Tenders

Mubadala to take stake in Kimmeridge’s Commonwealth LNG

UAE's Mubadala will take a stake in Kimmeridge's Commonwealth LNG, the developer of an LNG export plant in Louisiana, under a new deal revealed on Thursday.
LNG Terminals

Santos: Barossa project 95.2 percent complete

The Barossa gas project, which will supply feed gas to the Santos-operated Darwin LNG plant, is 95.2 percent complete and remains on target for first production in the third quarter of 2025, Santos said on Thursday.

More News Like This

LNG as Fuel

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.
Research and Development

GTT gets LR OK for Mark III’s ammonia-ready notation

French LNG containment giant GTT has secured approval from classification society Lloyd’s Register for the ammonia-ready notation of its Mark III containment system.
Vessels

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.
Vessels

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

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