GTT inks deal to commercialise new fuel system
An agreement between French LNG containment specialist GTT and Dongsung Finetec a South Korean company specialised in thermal insulation to commercialise GTT’s LNG Brick fuel system was signed this week in Paris.
Under the agreement, the LNG Brick system (featured in ShipInsight Summer 2018 Journal) will eventually be built by Dongsung Finetec and will be outfitted on a large range of commercial vessels such as container vessels, bulk carriers and PCTCs.
GTT said in a statement that the two organisations share the same understanding and analysis regarding the perspectives for the LNG as marine fuel market. With the entry into force of the Global Sulphur Cap in January 2020, limiting Sulphur emissions to 0.5% and considering the solid economics of LNG, the two companies consider this new market of LNG fuelled vessels as very promising.
GTT developed the LNG Brick technology based on its integrated tank techniques and notably its Mark III technology to offer a cost effective and competitive solution to this new market with an LNG fuel tank capacity below 3,000m3. Dongsung Finetec has been closely associated in its industrialisation through the construction of a prototype