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GTT: ‘Further successes’ in LNG marine fuel market in 2018

27 Feb 2019

Engineering firm GTT (Gaztransport & Technigaz), which develops containment systems for the transportation and storage of liquefied natural gas (LNG), has ended its financial year for 2018 with several developments in the LNG as marine fuels market.

It recorded an order for a 18,600 m3 capacity LNG bunkering vessel at the beginning of 2018 operated by Mitsui OSK Lines Ltd. and chartered by Total Marine Fuels Global Solutions (TMFGS) for supplying LNG to future container ships of CMA CGM. 

In July 2018, GTT also recorded an order from the Vard shipyard to build LNG tanks for the Commandant Charcot, the first LNG-powered cruiser icebreaker.

In 2018, it further formed three new Technical Assistance and License Agreements (TALAs) with Sembcorp Marine, Keppel Offshore & Marine and Hyundai Mipo Dockyard to share knowledge of several items, including the use of LNG as a fuel for vessel propulsion.

“On the promising market of LNG fuel, we achieved further successes, which once again confirmed our ability to meet the needs of ship-owners in this area,” said Philippe Berterottière, Chairman & CEO of GTT.

“Less than a year away from the Global Sulphur Cap, and in an increasingly stringent regulatory environment, especially in the main trading ports, the interest of ship-owners for our LNG propulsion solutions is becoming clear.

“In conjunction with our partners, we are continuing our efforts to become a long-term player in this new ecosystem.

“I wish to reiterate that, beyond the benefits for GTT, the adoption of LNG as a fuel for merchant vessels is a major step forward for the planet in terms of reducing polluting emissions.”

In January 2018, GTT completed the acquisition of Ascenz, a Singapore-based company specialised in Smart Shipping.

A recently announced LNG bunkering tanker to be constructed by Sembcorp Marine will have two GTT Mark III Flex membrane tanks with a combined 12,000 m3 capacity.

Related: GTT wraps up H1 with ‘success’ in LNG marine fuel sector
Related: GTT acquires Singapore ‘smart shipping’ technology firm
Related: Sembcorp Marine secures pioneering LNG bunker vessel contract

Photo credit: Mitsui O.S.K. Lines
Published: 27 February, 2019


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