GTT, the designer of membrane containment systems for the maritime transportation and storage of LNG, said it has signed a cooperation agreement with the South Korean shipbuilder Samsung Heavy Industries in order to industrialize its new Mark V technology.
This agreement includes the building by the shipbuilder of a mock-up dedicated to final developments and related tests. Another cooperation agreement is being finalized with Hyundai Heavy Industries.
These two partnerships will allow the commercialization of the Mark V technology during 2015, the company said in a statement.
After some few years of research and development, the Mark V technology is an optimized version of the Mark III system and its sister Mark III Flex. As of December 31 2014, 146 LNG carriers were equipped with these two systems. The Mark V technology received Approvals in Principle from major classification societies.
As with the Mark III and Mark III Flex, the Mark V technology is composed of a double insulation with reinforced polyurethane foam. The new system also includes an innovative iron-nickel alloy corrugated secondary membrane and offers significant improvement of the warranted daily boil off rate.
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