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GTT signs agreement with China’s largest private shipyard Yangzijiang

12 Sep 2022

Engineering firm GTT (Gaztransport and Technigaz) on Thursday (8 September) said it has signed a Technical Assistance and License Agreement with Yangzijiang, the largest private shipyard in China, enabling the yard to construct vessels using GTT membrane technologies.

The agreement is a new step forward in the development of GTT technologies in China, said the firm. 

“Yangzijiang successfully completed the GTT qualification process in record time, as the first validation steps began in March 2022,” it said. 

Yangzijiang has already secured an order for four 8,000 TEU dual-fuelled container ships from Pacific International Lines (PIL) and the container vessels will feature GTT’s Membrane technology for the LNG fuel tanks.

Each LNG fuel tank will be fitted with the Mark III membrane containment technology and include unique features to facilitate a potential conversion of these vessels to ammonia-fuel, giving the owner a greater operational flexibility should environmental regulations change.

The delivery of the four vessels is scheduled for each quarter of 2025.

Philippe Berterottière, Chairman and CEO of GTT, said: “We are honoured to be working with such international renowned partner. Yangzijiang team have demonstrated their determination by obtaining our license in record time. In a tight market, this new partnership will provide new shipbuilding capacities to meet current demand. We look forward to a long and successful collaboration with our new partner.”

Mr. Letian Ren, Chairman and CEO of Yangzijiang, said: “We are proud of the trust placed in us by the GTT company and hope to promptly demonstrate to the market that Yangzijiang yards have the necessary skills to build vessels to today’s highest standards. We look forward to working with GTT on the construction of LNG carriers, VLEC and LNG fuelled merchant vessels.”

Yangzijiang Shipbuilding (Holdings) Ltd. was established in 1956 and is one of the largest private shipbuilding companies in China. With four shipyards in Jiangsu Province, China along the Yangtze River, the Group produces a broad range of commercial vessels including medium to large containerships, bulk carriers and LNG carriers, serving orders from Northern America, Europe and other parts of the world. 

 

Photo credit: GTT
Published: 12 September, 2022

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