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Authorities & Government, Regulation & policy, Rules & Regulation
The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. GTT acknowledged the decision, expressing it was surprised by it. […]
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Business & Finance, Business developments & projects, Collaboration, Outlook & strategy, Technology
French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel Macron to Beijing, China, in the presence of Chinese President Xi Jinping on 6 […]
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Business developments & projects, Technology, Vessels
French LNG containment specialist GTT has secured contracts with two undisclosed European LNG ship owners to equip a total of three vessels with its predictive maintenance solution, the Sloshing Virtual Sensor. According to GTT, this digital technology is dedicated to the assessment of sloshing activity in order to extend the cargo tank entry period. GTT […]
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Business & Finance, Business developments & projects, Vessels
French LNG containment specialist GTT has received an order from its South Korean partner HD Hyundai Heavy Industries (HHI) for the tank design of four new liquefied natural gas carriers (LNGCs). According to GTT, the order was made on behalf of an Asian shipowner. The LNG carriers will each offer a total cargo capacity of […]
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Business developments & projects, Operations & Maintenance, Outlook & strategy, Vessels
French LNG containment specialist GTT has signed a technical services agreement (TSA) with the shipping and maritime company Eastern Pacific Shipping (EPS) and its LNG affiliate CoolCo. As part of the agreement, GTT is expected to support EPS and CoolCo with the maintenance and operation of a global fleet of 33 vessels, including 24 LNG […]
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Business developments & projects, Vessels
French LNG containment specialist GTT has secured a new order from its partner the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new liquefied natural gas carriers (LNGCs), on behalf of an Asian ship-owner. GTT will design the tanks of the two vessels, which will each offer a total cargo capacity […]
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Business developments & projects, Vessels
French LNG containment specialist GTT has received a new order from the South Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new liquefied natural gas carriers (LNGCs). It will design the tanks of the two vessels, which will each offer a total cargo capacity of 174,000 m3 and will be fitted […]
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Authorities & Government, Regulation & policy, Rules & Regulation
Following an appeal from French LNG containment specialist GTT, the Supreme Court of Korea has decided to suspend the execution of the Seoul High Court’s decision concerning GTT’s obligation to separate technology license and technical assistance if requested by the shipyards. On 1 December 2022, the Seoul High Court partially granted GTT’s appeal against the […]
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Business developments & projects, Technology, Vessels
French LNG containment specialist GTT has received its first order for the tank design of two LNG carriers from its new partner, the Chinese shipyard Yangzijiang, on behalf of a European ship owner. The delivery of the vessels is scheduled between the fourth quarter of 2025 and the second quarter of 2026. The two vessels […]
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Business developments & projects, Vessels
Chinese shipyard Dalian Shipbuilding Industry & Co (DSIC) has ordered the tank design of two liquefied natural gas carriers (LNGC) from French LNG containment specialist GTT. The order, received at the beginning of 2023, came on behalf of the company CMES LNG Carrier Investment INC. GTT will design the tanks of the two vessels, which […]
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Business developments & projects, Certification & Classification, Vessels
French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier.
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Business developments & projects, Vessels
French LNG containment specialist GTT has received two orders from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of new liquefied natural gas carriers (LNGCs). According to GTT, the orders were made in the first quarter of 2023 for a total of three new LNGCs, two on […]
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Business developments & projects, Certification & Classification, Equipment, Innovation, Operations & Maintenance, Technology
In the Framework of Class Survey, Lloyd’s Register, a provider of classification and compliance services to the marine and offshore industries, has granted Approval in Principle (AiP) to the French LNG containment specialist GTT for the use of an innovative digital solution for sloshing activity assessment in order to optimise the LNG membrane tank maintenance. […]
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Business developments & projects, Collaboration, Vessels
French LNG containment specialist GTT has received a new order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of two new LNG carriers (LNGCs). The order was received at the beginning of 2023 on behalf of a European shipowner. GTT will design the tanks of the two vessels, […]
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Business developments & projects, Vessels
French LNG containment specialist GTT has received new orders from its partners, the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) and the Chinese shipyard Hudong-Zhonghua Shipbuilding, for the tank design of new liquified natural gas carriers (LNGCs). In the fourth quarter of 2022, it received three orders from DSME for the tank design of […]
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Business & Finance, Business developments & projects, Carbon Capture Usage & Storage, Project & Tenders, Technology, Vessels
As part of the MerVent 2025 project, French LNG containment specialist GTT has received €4.66 million in funding from a French public investment bank Bpifrance for the design of an onboard CO2 capture system and for the development of intelligent operational performance solutions. Within the framework of the project, GTT said it is developing an […]
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Business & Finance, Business developments & projects, Vessels
French LNG containment specialist GTT has received two orders from its partners the Korean shipyards Hyundai Samho Heavy Industries and Hyundai Heavy Industries for, respectively, the tank design of a new liquefied natural gas carrier (LNGC), and the tank design of two new very large ethane carriers (VLECs). The LNG carrier will have a cargo […]
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Business & Finance, Business developments & projects
French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, 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 […]
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Business developments & projects, Technology, Vessels
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design of two liquefied natural gas (LNG) carriers from French LNG containment specialist GTT. According to GTT’s statement, the tank design order was placed on behalf of a Middle Eastern shipowner at the beginning of 2023. This coincides with Hyundai Samho’s shipbuilding contract with […]
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Business & Finance, Business developments & projects, Outlook & strategy
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it achieved a record level of orders, with 274 units for the core business and […]
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Business developments & projects, Outlook & strategy, Technology, Vessels
Ascenz Marorka, a GTT Group brand, has been awarded two contracts by Jovo, a China-based clean energy service provider, to equip two LNG carriers with its ‘Smart Shipping’ solution. According to GTT, a French LNG containment specialist, the contracts cover the installation of automatic data collection systems and intelligent software for managing and optimising the […]
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Business developments & projects
French LNG containment specialist GTT has received an order from its partner the South Korean shipyard Samsung Heavy Industries (SHI) for the tank design of a new floating liquefied natural gas (FLNG) unit, on behalf of an Asian company. GTT said that with a total storage capacity of 200,000 m3, the FLNG will be the […]
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Business & Finance, Business developments & projects, Vessels
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 […]
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Business developments & projects, Collaboration, Vessels
French LNG containment specialist GTT has received an order from its partner the South Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new LNG carriers. GTT will design the tanks of the two vessels, and each will offer a total cargo capacity of 174,000 m3. The tanks will be fitted with […]
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Business developments & projects, Vessels
French LNG containment specialist GTT has received its first order from its new partner the Chinese shipyard China Merchants Heavy Industry-Jiangsu for the tank design of four new liquefied natural gas carriers (LNGCs), on behalf of a European ship-owner. GTT will design the tanks of the four vessels, which will each offer a total cargo […]
