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.

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