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Dongsung Finetec and GTT form LNG marine fuel tank agreement

17 Oct 2018

Korean thermal insulation manufacturer Dongsung Finetec and French liquefied natural gas (LNG) engineering firm Dongsung Finetec Tuesday signed today a memorandum agreement to commercialise GTT’s LNG Brick® technology.

GTT developed the LNG Brick® technology based on its integrated tank techniques to offer a cost effective and competitive solution to the LNG marine fuel market for vessels fitted with an LNG fuel tank of below 3,000 m3 capacity.

The LNG Brick® will eventually be built by Dongsung Finetec and will be outfitted on a large range of commercial vessels such as container vessels, bulk carriers and Pure Car and Trucks Carrier.

The two companies consider the new market of LNG fuelled vessels as “very promising” due to the implementation of the global sulphur cap in January 2020.

“It is a great occasion for GTT to contribute to the development of LNG as marine fuel and we are delighted to do it in partnership with Dongsung Finetec with whom we have been collaborating since numerous years on the LNGC market,” declared Philippe Berterottière, Chairman and CEO of GTT.

“It is a great leap to materialise LNG Brick® for the market of LNG as marine fuel and we are pleased to cooperate with GTT, a French engineering company, on this new opportunity,” said Ryu, President and CEO of Dongsung Finetec.

Published: 17 October, 2018

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