News

GTT books new tank design order for LNGC duo from HD Hyundai Heavy Industries

Clean fuel - Offshore Energy · Ajsa Habibic · last updated

GTT books new tank design order for LNGC duo from Hyundai Heavy - Offshore Energy

GTT books new tank design order for LNGC duo from Hyundai Heavy

French LNG containment specialist GTT has received an order from its South Korean partner HD Hyundai Heavy Industries (HHI) for the tank design of two new LNG carriers.

South Korean shipyard placed an order on behalf of a European shipowner. The order will see GTT design the tanks of the two vessels, each with a total cargo capacity of 200,000 cubic metres.

They will also be fitted with the Mark III Flex+ membrane containment system developed by GTT.

The LNG carriers are scheduled for delivery between the second and fourth quarters of 2027.

A similar order was placed by HD HHI at GTT in February this year. HHI placed the order on behalf of an undisclosed European shipowner for three LNG carriers which will also offer a total cargo capacity of 200,000 cubic metres each.

The delivery of these vessels is scheduled between the second and fourth quarters of 2026.

This year started busy for GTT which recently reported its revenues for the first quarter of the 2023 financial year.

GTT said it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first quarter of 2026 and the fourth quarter of 2027, while the FLNG unit is expected to be delivered in the first quarter of 2027.

Related Knowledge Center: ENERGY BASICS: nuclear

State of Play

Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.

More informationabout ENERGY BASICS: nuclear