Hyundai Samho awards LNG tank job to GTT

South Korea’s Hyundai Samho Heavy Industries has contracted Paris-based GTT to design tanks for one liquefied natural gas (LNG) carrier.

The French LNG tank specialist won the order at the end of December, according to a GTT statement on Tuesday.

Also, the 174,000-cbm vessel would feature GTT’s Mark III Flex membrane containment system, it said.

Hyundai Samho would deliver the vessel to an unidentified owner in the third quarter of 2024, GTT said, but it did not provide any additional information.

The Korean yard’s parent KSOE has recently revealed two large orders, which include the construction of two 174,000-cbm LNG vessels.

Under the first order, Hyundai Samho will build one LNG carrier for about $217 million for an unidentified Asian firm and deliver it by September 2024. Shipbuilding sources told LNG Prime that South Korea’s SK had ordered this vessel.

As part of the second order, the yard will build one LNG vessel for a European company and hand it over by March 2025. This order has a price tag of about $217 million as well.

Most Popular

Atlantic LNG shipping rates dip below $50,000 per day

Last week, both Atlantic and Pacific LNG shipping rates declined. “Spark30S Atlantic rates dropped for a third consecutive week, reducing...

Inpex restarts second Ichthys LNG train

"I can confirm that Train 2 restarted operations on October 9," the spokesman said. Inpex said on August 22 that the second...

Construction ramping up on Golden Pass LNG project

Golden Pass LNG released a project update via its social media on Monday. "In Sabine Pass, Texas, construction is ramping...

More News Like This

GTT clinches new LNG tank job

GTT received the order during the third quarter of 2024. Under the order, Samsung Heavy contracted GTT to design tanks...

GTT gets OK for new LNG carrier concept

GTT received the approvals in principle from Lloyd's Register and Bureau Veritas during the Gastech conference in Houston last...

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...

GTT’s smart shipping unit bags contract for Gazocean’s LNG carriers

GTT’s unit Ascenz Marorka has secured a contract from France's Gazocean to equip the latter’s six managed LNG carriers...