Late orders make 2019 record for GTT

Malcolm Latarche

Malcolm Latarche · 09 January 2020

ShipInsight


France-based LNG containment specialist GTT has announced that 2019 was a record year for sales after receiving several orders towards the end of the year.

At the end of December 2019, GTT received several orders from Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the equipment of eight new LNG Carriers. Each vessel will offer a capacity of 174,000m3 and will be fitted with the Mark III Flex technology.

Gtt flex

Four of these vessels will be built by HHI: two on behalf of an Asian ship-owner and two on behalf of a European ship-owner. The others four LNGCs will be built by HSHI on behalf of another European ship-owner. The deliveries are expected during the second half of 2022.

Philippe Berterottière, Chairman and CEO of GTT, stated, “These eight last orders confirm the dynamism of the market observed throughout this year. This brings the number of LNGC orders obtained in 2019 to 57, which is a record year for GTT and illustrates the partnership of excellence that we have with the shipyards of the Hyundai Group.”

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