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INCORPORATING

SHI ORDER FOR MARK III TANK ADDS TO GTT REVENUE SURGE

Saturday, October 27, 2018 

Gaztransport & Technigaz (GTT) has received an order notification from Samsung Heavy Industries (SHI) for the tanks design for a LNGC under construction for Japanese shipowner Nippon Yusen Kaisha (NYK).

GTT’s Mark III Flex membrane containment system has been selected to equip the LNGC, offering a capacity of 174,000m3. The vessel’s delivery is scheduled for Q1 2021.

"We are very pleased to continue our partnership of excellence with Samsung Heavy Industries for the benefit of NYK, an owner with whom we have a very close relationship," commented GTT CEO Philippe Berterottière, as the company posted revenues totalling €184 million for the first 9 months of 2018.

"In Q3, business was marked by ongoing ship orders. With 34 orders of LNG carriers and FSRUs recorded to the end of September, 2018 is set to be a record year for our main business line. We were also successful in the promising field of LNG fuel. The order received in July to equip the LNG tanks of the Ponant Icebreaker is symbolic of shipping companies' growing interest in our LNG propulsion solutions,” Berterottière said.

“We are continuing our efforts to enter into industrial and commercial partnerships to step up our development in this field. We are continuing to prepare the future by constantly improving our technologies. We thus obtained a classification society's approval-in-principle for the development of NO96 Flex, a new, higher-performance version of our NO96 technology. On the strength of the particularly high number of orders received since the beginning of 2018 and the growth in our services business, we can confirm our objectives for our FY 2018 revenues, net margin and dividend".

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