GTT scores tank order for LNG carrier sextet

France’s GTT continues to win new orders and has secured a contract from two Korean shipyards for the tank design of six LNG carriers.

GTT scores tank order for LNG carrier sextet
For illustration only (Image: GTT)

The LNG containment specialist said Hyundai Heavy and Hyundai Samho are building the vessels on behalf of European and Asian shipowners.

Furthermore, each vessel will have a capacity of 174,000-cbm and they will feature GTT’s Mark III Flex membrane containment system.

To remind, Anglo-Dutch energy giant Shell announced early August it entered long-term charter contracts for six such carriers.

Shell has signed separate deals for two ships each with units of three firms. These include Knutsen, Korea Line, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.

The dual-fuel X-DF carriers have a price tag of about 220 billion won ($185 million), each.

The vessels will start joining Shell’s time-chartered trading fleet from mid-2023.

Shell inked long-term charter deals for eighth similar ships with the same firms in December 2019. These vessels will also feature GTT’s Mark III Flex tech.