GTT Partners with Asian Shipyard for LNG Carrier Design
GTT Secures Significant Order for LNG Carrier Tank Design
GTT is proud to announce a noteworthy achievement in the field of marine engineering: an order from an Asian shipyard for the tank design of two new Liquefied Natural Gas Carriers (LNGCs). This order is an exciting testament to GTT's technological advancements and its role in facilitating the global demand for cleaner energy solutions.
Details of the Order
The order, received in early 2025, involves GTT's innovative design work for the tanks of the two LNG carriers. Each vessel is set to feature a remarkable total capacity of 174,000 cubic meters. This capacity will be supported by GTT’s renowned NO96 membrane containment system, which underscores the company's commitment to excellence and safety in the transport and storage of liquefied natural gases.
Vessel Deliveries and Impact on the Industry
These two carriers are scheduled for delivery in the second and third quarters of 2027, marking a significant milestone in GTT's ongoing partnership with shipbuilders focused on sustainability. The construction of these vessels not only underlines the growing importance of LNG as a cleaner fuel alternative but also positions GTT as a crucial player in the evolving landscape of marine transportation.
About GTT
As a leading technology and engineering group, GTT specializes in the design and development of cryogenic membrane containment systems. For over 60 years, GTT has been at the forefront of innovation in the sphere of LNG carriers, floating terminals, and onshore storage tanks. The Group continuously strives to create cutting-edge solutions that assist both ship-owners and energy providers in progressing towards a more sustainable future.
Commitment to Environmental Sustainability
In alignment with its corporate ethos, GTT dedicates itself to developing technologies that encourage the use of LNG as a clean fuel. Additionally, the company takes pride in its efforts to enhance both the economic and environmental performance of marine vessels through advanced digital solutions and low-carbon technologies.
Involvement in Green Hydrogen Sector
Expanding its focus beyond traditional LNG applications, GTT is also making significant strides in the green hydrogen arena through its subsidiary, Elogen. Elogen designs and manufactures proton exchange membrane (PEM) electrolysers, positioning GTT as a key player in the renewable energy sector, essential for achieving global decarbonization goals.
Stock Market Presence of GTT
Investors and stakeholders can find GTT listed on Euronext Paris, where it holds a place in several prestigious indices such as the CAC Next 20 and MSCI Small Cap. This strategic positioning not only highlights GTT’s strong market presence but also reflects its robust growth trajectory within the energy sector.
Investor Relations and Contact Information
For those interested in the latest developments regarding GTT, the investor relations team can be reached at information-financiere@gtt.fr or by phone at +33 1 30 23 20 87. Additionally, press inquiries can be sent to press@gtt.fr or through the hotline at +33 1 30 23 56 37. These channels are available to provide stakeholders with tailored information about GTT's ongoing projects and initiatives.
Frequently Asked Questions
What is the significance of GTT's recent order?
GTT's recent order signifies a strong commitment to innovative marine engineering solutions and reflects the increasing demand for LNG carriers in the sustainable energy sector.
What technology will GTT use for the LNG carriers?
The carriers will be equipped with GTT's NO96 membrane containment system, known for its safety and efficiency in LNG transport.
When are the LNG carriers expected to be delivered?
The expected delivery of the vessels is scheduled for the second and third quarters of 2027.
How does GTT contribute to sustainable energy?
GTT develops technologies that support the use of LNG as a cleaner fuel and advances projects in the green hydrogen sector through its subsidiary.
Where is GTT listed in the stock market?
GTT is listed on Euronext Paris and is part of several significant indices including the CAC Next 20 and SBF 120.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.