GTT bags LNG tank gig for Nakilat’s vessels

French LNG containment giant GTT has secured a tank design order from HD Korea Shipbuilding & Offshore Engineering (KSOE) for two Nakilat’s LNG carriers.

GTT received the order from KSOE during the first quarter of 2024, it said on Tuesday.

The two 174,000-cbm LNG carriers will be built by KSOE’s unit Hyundai Samho Heavy Industries.

GTT said the tanks of these LNG carriers will feature the company’s Mark III Flex membrane containment system.

Besides the LNG carriers, GTT won an order from KSOE for one very large ethane carrier (VLEC) which will be built by Hyundai Heavy Industries for Purus Maritime.

GTT will design the tanks for this VLEC, which will have a total capacity of 98,000 cbm and incorporate the Mark III membrane containment system, it said.

Qatari LNG shipping giant Nakilat placed orders on January 9 with Hyundai Samho for the construction of two LNG tankers and four LPG carriers.

Nakilat will take delivery of these vessels between 2026 and 2027.

HD KSOE said in a filling to the stock exchange on January 10 that the entire order is worth about $955 million.

It did not break down the price for just the LNG carriers but shipbuilding sources said at the time that Nakilat most likely secured a cheaper price for the LNG vessels compared to the latest orders for LNG carriers at HD Hyundai’s yards which were priced at about $265 million per vessel.

VesselsValue data suggests that each LNG carrier is worth about $253 million.

Upon delivery of the two new LNG carriers, Nakilat’s LNG fleet will expand to 71 vessels, while the LPG fleet will grow to eight vessels.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

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.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

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.

GTT clinches new LNG tank gig

France’s GTT has secured a new tank design order from HD Korea Shipbuilding & Offshore Engineering for one liquefied natural gas (LNG) carrier.

Knutsen, Orlen take delivery of sixth LNG carrier

Norway’s Knutsen has taken delivery of the last LNG carrier in a series of six sister vessels chartered to Poland's Orlen.