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
Agreement with Swedegas falls into the company’s plans to expand its maritime LNG services, says Gasum.
To date, the company has ordered eight LNG-powered cruise ships with delivery dates between 2018 and 2022.
KR now offers development and verification services for ‘Ship Energy Efficiency Management Plan (SEEMP) Part-Ⅲ’ through KR-GEARs, its in-house developed GHG system.
Partnership announced by the port on 24 May allows BP to re-enter the New Zealand VLSFO market and once again deliver VLSFO to its customers.
While the solution to shipping’s decarbonisation challenges are varied, a common question is — “Who is going to pay the bill?” A carbon tax is one option, says the law firm.
All creditors of the company should file their proof of debt with the liquidators who will be administering all affairs of the firm, says solicitors.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.
‘Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,’ Mr SK Yeo, Founder of Consort Bunkers, tells Manifold Times.
‘Vessel suffered inter alia damage to her engines as well as other losses and expenses, including but not limited to salvage costs, costs of repairs and time lost,’ states legal document obtained by Manifold Times.
‘It is undisputed that Sing Fuels furnished fuel in Port Elizabeth that enabled the M/V Lila Shanghai to continue on its way […] and it is undisputed that Sing Fuels was never paid for this fuel,’ states Judge.
JMs wanted to confirm if both of IPP’s former auditors ‘were reasonably assured that its assessment that the receivables owed by Mercuria Energy were not in any way doubtful’, according to court documents.
A Duraisamy received a SGD 42,870.60 fine and 10-month jail sentence while Lee Been Lian was fined SGD 6,795 and received a two-month jail term due to offences under the Prevention of Corruption Act.
