GTT nets LNG tank orders from Korean yards

French LNG tank specialist GTT has won orders from two South Korean shipyards.

Hyundai Samho Heavy Industries awarded the first order to GTT at the end of June, according to a GTT statement.

Under this order, the French firm will design the tanks for one 174,000-cbm LNG carrier.

Moreover, the newbuild will feature GTT’s Mark III Flex membrane technology.

GTT said Hyundai Samho would build this carrier for a Liberia-based owner and deliver it by the end of 2023. The firm did not reveal any additional information.

Hyundai Samho will probably build this vessel for Norway’s Knutsen.

To remind, Shel said last week it had agreed long-term charter contracts for six 174,000-cbm newbuild LNG carriers with Knutsen, Pan Ocean, and investors advised by J.P. Morgan Asset Management.

Hyundai Heavy Industries and Hyundai Samho will build these vessels and start delivering them from 2023.

DSME deal

In addition to the Hyundai Samho contract, GTT has also secured work from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

DSME will build one 174,000-cbm LNG carrier for an Asian shipowner but this vessel will feature GTT’s NO96 GW membrane containment system.

This contract replaces the previous order announced in June 2020 for a floating storage and regasification unit (FSRU) with a capacity of 263,000 cbm, according to GTT.

DSME will deliver this vessel at the end of 2023, GTT said, without providing any additional information.

Japan’s shipping giant MOL has earlier this year amended its order to build the FSRU after its partner Uniper decided to develop a hydrogen hub instead of an LNG import terminal in Germany’s Wilhelmshaven.

DSME will instead build the LNG carrier for almost half of the original price.

The revised deal has a price tag of about 226 billion won ($202 million).

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

Hanwha Ocean to buld Korean LNG-powered icebreaker

South Korean shipbuilder Hanwha Ocean has secured a contract to build one LNG dual-fuel research icebreaker.

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container vessels.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.