GTT secures new contracts from China’s Jovo

French LNG containment giant GTT has secured new contracts from Chinese energy firm Jovo to support the latter’s LNG carriers.

GTT and Jovo signed on January 17 two new technical services agreements in Shanghai, China.

According to GTT, the contracts cover GTT’s assistance and operational support for LNG carriers operated by Jovo.

GTT will provide its field expertise for inspections, maintenance, repairs, and engineering consultancy.

Also, Jovo will benefit from access to GTT’s emergency hotline to provide rapid technical assistance to crews.

GTT said these new partnerships follow a first services contract, still in effect, signed between the two groups in August 2022.

Last year, GTT’s unit Ascenz Marorka also secured two contracts from Jovo to equip two LNG carriers with its smart shipping solution.

Adnan Ezzarhouni, chief of GTT’s unit in China, said that these agreements strengthen the collaboration between the two firms.

“GTT is pleased to support the growing development of Jovo’s LNG shipping activities,” he said.

GTT secures new contracts from China's Jovo
During the signing ceremony (Image: GTT China)

LNG newbuild available for sale or charter

Jovo currently has four LNG carriers in its fleet and these include the 2008-built 154,982-cbm, Arrow Spirit, the 2008-built 138,121-cbm, Pioneer Spirit, and the 2006-built 74,130-cbm, Energy Spirit.

In October last year, Jovo’s 79,800-cbm mid-scale LNG carrier, Mulan Spirit, completed its gas trials.

China’s Jiangnan started building this 229.99 meters long dual-fuel LNG carrier with a draft of 10.6 meters in December 2021 following the order by Jovo in August.

The shipbuilder launched the vessel equipped with GTT’s Mark III Flex membrane containment system in February last year.

Jiangnan has not yet delivered the LNG newbuild to Jovo.

Shipbuilding sources told LNG Prime that Jovo is working to sell or charter the LNG carrier.

VesselsValue data suggests that the LNG carrier is currently worth about $147 million.

The sources said that Jovo is probably looking to get between $150 million and $175 million for the vessel.

Most Popular

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.

Worley updates on CP2 LNG work

Australian engineering firm Worley has provided an update on its reimbursable EPC contract with US LNG exporter Venture Global LNG for the latter's CP2 LNG terminal in Louisiana.

Deutsche ReGas, German government reach deal on FSRU charter termination

LNG terminal operator Deutsche ReGas and Germany's Ministry for Economic Affairs and Energy have reached a mutual agreement on resolving the sub-charter agreement for the 174,000-cubic-meter FSRU Energos Power.

More News Like This

GasLog, Jiangnan ink LoI for LNG carrier duo

China’s Jiangnan Shipyard has signed a letter of intent with Greek LNG shipping firm GasLog to build two liquefied natural gas (LNG) carriers, according to shipbuilding sources.

GTT, HD Hyundai Heavy to advance LNG carrier design

French LNG containment firm GTT signed two joint development projects with South Korean shipbuilder HD Hyundai Heavy Industries, aimed at advancing the design of LNG carriers.

GTT develops new ethane containment tech

French LNG containment giant GTT has received approvals from classification society BV for its new cargo containment systems developed for ethane transport.

Adnoc L&S takes delivery of LNG carrier in China

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, has taken delivery of the second 175,000-cbm LNG carrier from China’s Jiangnan Shipyard.