Liquefied natural gas (LNG) membrane containment systems engineering firm Gaztransport & Technigaz (GTT) completed its first half (H1) of 2018 with positive news from activity in the LNG marine fuel sector.
“In the field of LNG fuel, the success recorded by GTT confirmed the attraction of ship-owners for its membrane technologies,” said Philippe Berterottière, Chairman and CEO of GTT.
“After the order for nine giant container carriers from CMA CGM at the end of last year, in January the Group obtained one order for a bunker ship to be operated by TOTAL to supply the LNG to these container carriers.
“In early July, GTT obtained a major success with the order of LNG tanks intended for the future Ponant icebreaker cruiser. In this particular case, GTT will be responsible for the construction of these tanks, thereby offering its partners a true turnkey solution.”
The company’s overall results recorded net income of EUR 75.7 million (USD $88.27 million) in H1 2018, a 20% increase from net income of EUR 63.1 million in the similar period last year with respective operating margin of 59.5% and 55.5% during the comparative periods.
Revenue in H1 2018 was EUR 127.2 million, compared to revenue of EUR 113.7 million in H1 2017.
A summary of LNG fuel activity of GTT in H1 2018 are as follows:
Published: 30 July 2018
Once a conventional bunkering tanker known as Oslo Tank, the vessel is expected to set the standard and establish infrastructure for Norway’s LNG shipping sector.
Vessel will be used to refuel Tallink’s LNG-powered Megastar ferry which operates between Tallinn and Helsinki.
Titan delivered about 350 metric tonnes of LNG bunker fuel to “Vox Ariane” at the Greenport Terminal in Eemshaven Rotterdam on 24 June, says firm.
‘Being the first vessel of its kind built and owned by Chinese companies, makes this an important and exciting project.’
Builds user-friendly tool to help shipowners evaluate if LNG is suitable for specific vessel types and trade patterns.
Containerships Polar and Containerships Nord will arrive at the Port of Riga three times per week.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
