GTT nets order for six LNG carriers

France’s GTT continues to win new orders and has secured a contract from two Korean shipyards for the tank design of six LNG carriers.

The LNG containment specialist said Hyundai Heavy and Hyundai Samho are building the vessels on behalf of European and Asian shipowners.

Furthermore, each vessel will have a capacity of 174,000-cbm and they will feature GTT’s Mark III Flex membrane containment system.

To remind, Anglo-Dutch energy giant Shell announced early August it entered long-term charter contracts for six such carriers.

Shell has signed separate deals for two ships each with units of the three firms. These include Knutsen, Korea Line, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

The dual-fuel X-DF carriers have a price tag of about 220 billion won ($185 million), each.

The vessels will start joining Shell’s time-chartered trading fleet from mid-2023.

Shell inked long-term charter deals for eighth similar ships with the same firms in December 2019. These vessels will also feature GTT’s Mark III Flex system.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

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.

HD Hyundai Samho secures LNG-powered containership order

South Korea’s HD Hyundai Samho has secured an order to build LNG-fueled container vessels.

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.

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.