PaxOcean joins forces with GTT to repair LNG carriers in Indonesia

PaxOcean, a unit of Singapore’s Kuok, has signed a technical service agreement with French LNG containment giant GTT, enabling it to repair LNG carriers at its yards in Batam, Indonesia.

According to a statement by PaxOcean, the agreement would enable the firm to expand its repair scope by providing membrane tank maintenance and servicing of LNG carriers in PaxOcean Batam.

This is the first Indonesian yard approved by GTT.

Facilities at PaxOcean Batam yards include five floating docks, with the largest dock measuring 300 meters by 59 meters that can accommodate vessels up to suezmax category, capesize bulk carriers, and LNG carriers up to 145,000 cbm capacity.

The workshops include a cryogenic complex fitted to handle repairs of LNG carrier cargo handling equipment and fittings, the firm said.

Prior to the signing the technical service agreement, GTT performed two audits to ensure that the yard could meet the necessary requirements to undertake repairs and conversion of a membrane type LNG carrier, PaxOcean said.

The shipyard would also benefit from a dedicated training of its personnel and advisory services for the preparation of each maintenance operation, it said.

PaxOcean owns and operates five shipyards located in Singapore, China, and Indonesia.

On the other hand, GTT received record 134 orders in the January-September period of this year, with most of them coming from South Korea but with a rising share from China.

GTT also recently signed technical service agreements with China’s Zhoushan Xinya Shipyard, CMHI Jiangsu, and Yangzijiang as it continues to expand its business in Asia.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.

BP seals LNG SPA with India’s Torrent Power

A unit of UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with India's Torrent Power.

More News Like This

Hudong-Zhonghua gets approvals for new three-tank LNG carrier

Chinese shipbuilder Hudong-Zhonghua has received approvals from classification societies for a new three-tank LNG carrier design.

Yangzijiang nears completion of its first LNG carrier

Chinese private shipyard Yangzijiang Shipbuilding is nearing the completion of its first 175,000-cbm liquefied natural gas (LNG) carrier. The shipbuilder aims to resell this and its sister LNG carrier.

GTT to buy Danelec

French LNG containment giant GTT will spend 194 million euros ($219.6 million) to buy Danelec, a Danish provider of digital solutions.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.