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

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

NextDecade, Jera seal 20-year LNG SPA

Japan's Jera has signed a 20-year deal to buy liquefied natural gas from the planned fifth train at NextDecade's Rio Grande LNG facility in Texas.

Australia’s Viva Energy gets OK for Geelong LNG import terminal

Australia’s Viva Energy has secured approval from the Victorian government for its proposed FSRU-based LNG import terminal in Geelong, Australia.

More News Like This

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

HD Hyundai Heavy starts building Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building Nakilat’s first of 17 LNG carriers as part of an order placed last year.

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.