This story requires a subscription
This includes a single user license.
GTT said the 32 orders received in the first quarter of 2026 mark its second-best first-quarter commercial performance after 2022.
The 29 LNG carrier orders compare with nine in the first quarter of 2025 and 18 in the fourth quarter of last year.
In 2025, GTT received orders for 37 LNG carriers.
GTT also said that there were 22 LNG carrier deliveries in the first quarter, in line with 23 LNG carrier deliveries in the first quarter of 2025.
As of March 31, 2026, GTT’s order book, excluding LNG as fuel, stood at 297 units.
This includes 268 LNG carriers, 23 ethane carriers, two FSRUs, three FLNGs, and one 10,000-cbm LNG storage tank.
The order book for LNG fuel stood at 46 units, all containerships.
Moreover, GTT said its consolidated revenue rose 1 percent year-on-year to 192.5 million euros ($225.3 million) in the first quarter of 2026.
GTT said this is in line with the objectives announced for 2026.
In the absence of any significant order delays or cancellations, GTT confirmed its targets for 2026.
The company expects 2026 consolidated revenues between 740 million euros and 780 million euros, and consolidated Ebitda between 490 million euros and 530 million euros.
Two divisions
François Michel, CEO of GTT, said the first quarter of 2026 marked the group’s structuring around one brand, GTT, and two divisions: GTT Energy, dedicated to containment and energy management systems, and GTT Marine, the marine and digital solutions division formed following the acquisition of Danelec in 2025.
He said the creation of the GTT Marine division “reinforces the visibility of our integrated offering of services and equipment for the shipping industry.”
“The contracts won during the first quarter demonstrate our ability to promote complementary products and solutions while working on the integration of Danelec,” he said.
“We are closely monitoring the current situation in the Middle East, which has led to disruptions in the energy and shipping market. However, to date, this conflict has no direct impact on GTT’s business activity,” Michel said.