GTT bags order for 10 giant LNG carriers

French LNG containment giant GTT has secured an order from China’s Hudong-Zhonghua for ten 271,000-cbm liquefied natural gas carriers.

GTT said in a statement that each of the very large LNG vessels will have five tanks and the tanks will be fitted with its NO96 Super+ membrane containment system.

Delivery is scheduled between the first quarter of 2030 and the fourth quarter of 2031, GTT said without providing further information.

Prior to this order, GTT said in February it has secured a contract from a Chinese shipyard for eight 271,000-cbm LNG carriers with delivery scheduled between the second quarter of 2028 and the fourth quarter of 2029.

China’s Hudong-Zhonghua is building in total 18 advanced QC-Max class LNG vessels as part of QatarEnergy’s giant shipbuilding program.

The deal is worth $6 billion or about $330 million per ship.

Each of the world’s largest LNG vessels will be 344 meters long, 53.6 meters wide, and will have a draft of 12 meters, according to Hudong-Zhonghua.

Besides GTT’s NO96 Super+ tech, the vessels feature WinGD dual-fuel propulsion, a reliquefaction system, and an air lubrication system.

Last month, state-run LNG giant QatarEnergy signed a time charter and operation agreement with compatriot shipping firm Nakilat for nine of these 271,000-cbm LNG carriers.

It also has signed long-term time charter party (TCP) agreements with three shipowners for the operation of the other nine QC-Max vessels.

The long-term TCP agreements cater for the operation of the vessels by affiliates of China Merchants Group, Shandong Marine Group, and China LNG Shipping (Holdings) Limited.

CMES will operate four vessels, Shandong Marine Energy three, and CLNG two.

Most Popular

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

More News Like This

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

MISC names QatarEnergy LNG carrier

South Korea's Samsung Heavy Industries hosted a naming ceremony for a liquefied natural gas (LNG) carrier it built for Malaysia's MISC and state-owned LNG giant QatarEnergy.

Edison says QatarEnergy extends force majeure until early December

Italian energy firm Edison, a unit of EDF, said it received a new force majeure notification from state-owned LNG giant QatarEnergy, affecting supplies scheduled for delivery at the Adriatic LNG terminal in Italy until the beginning of December.

LR: 200,000 cbm LNG carriers could deliver $85.5 million benefit to owners

Classification society Lloyd’s Register (LR) has identified 200,000 cbm LNG carriers as a "credible next step" for global LNG fleet renewal, with a potential owner benefit of approximately $85.5 million over 30 years.