GTT Secures New LNG Carrier Tank Design Partnership with Samsung

GTT Partners with Samsung Heavy Industries for New LNG Tank Design

GTT, a leader in the field of cryogenic technology, has recently confirmed an order from Samsung Heavy Industries for the design of tanks in a brand new LNG carrier. This collaboration reflects the continuous advancements and innovations that GTT has brought to the maritime industry.

Details of the LNG Carrier Project

The upcoming LNG carrier is set to have an impressive capacity of 180,000 m³. It will incorporate GTT's state-of-the-art Mark III Flex membrane containment system, which is celebrated for its efficiency and reliability in the storage and transport of liquefied natural gas. The vessel is scheduled for delivery in the years to come, marking a significant achievement in design and engineering.

About GTT's Technological Innovations

GTT has built a reputation over the last six decades for crafting some of the most sophisticated technologies used in LNG carriers, including floating terminals and multi-gas carriers. Their efforts are not just confined to product design; they're also deeply focused on fostering a sustainable future. By developing systems that facilitate the use of LNG as a cleaner fuel option, GTT demonstrates its commitment to helping shipowners transition towards more environmentally friendly alternatives.

Advances in Sustainable Shipping Solutions

In alignment with global efforts towards reducing carbon footprints, GTT actively works on low-carbon solutions and cutting-edge digital technologies that enhance the economic and environmental performance of vessels. Their innovative mindset helps in delivering solutions that can significantly transform the shipping industry.

Involvement in the Green Hydrogen Sector

Moreover, through its subsidiary Elogen, GTT is venturing into the green hydrogen sector. The focus is on designing and manufacturing proton exchange membrane (PEM) electrolysers, which play a crucial role in the production of hydrogen from renewable energy sources. This positions GTT as a forward-thinking company, delving into multiple avenues of sustainable energy.

GTT's Corporate Standing and Recognition

GTT's commitment to excellence has not gone unnoticed in the financial markets either. The company is listed on Euronext Paris under ISIN FR0011726835 and features in prominent indices such as the CAC Next 20, SBF 120, Stoxx Europe 600, and MSCI Small Cap indices. This recognition underscores GTT's solid performance and adherence to industry-leading standards.

Contact and Investor Relations Information

For those interested in learning more about GTT and its innovative projects, the company provides direct channels for communication. Their investor relations can be reached at information-financiere@gtt.fr or by phone at +33 1 30 23 20 87. There is also a dedicated press contact available at press@gtt.fr, reachable at +33 6 61 25 12 87.

Frequently Asked Questions

What is the purpose of the order from Samsung Heavy Industries?

The order from Samsung Heavy Industries is for GTT to design the tanks for a new LNG carrier, utilizing advanced containment technology.

What containment system will be used in the new LNG carrier?

The new LNG carrier will be fitted with GTT's Mark III Flex membrane containment system, recognized for its efficiency.

When is the delivery scheduled for the LNG carrier?

The delivery of the LNG carrier is currently set for the second quarter of 2027.

How does GTT contribute to sustainable shipping?

GTT develops solutions that allow vessels to use LNG as a fuel, promotes low-carbon technologies, and is involved in green hydrogen initiatives.

Where is GTT listed?

GTT is listed on Euronext Paris and is included in major financial indices including CAC Next 20 and Stoxx Europe 600.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

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