GTT receives its first order for the tank design of a LNG Carrier from the Chinese shipyard Jiangnan

Paris - August 31st, 2021

GTT announces that it has received in July an order from the Chinese Jiangnan Shipyard (Group) Co., Ltd. ("Jiangnan") for the cargo handling system and tank design of a LNGC[1] on behalf of the Chinese ship-owner JOVO.

This is GTT's first order for a membrane LNGC from Jiangnan, making the shipyard the second Chinese LNGC yard to construct a vessel with GTT technology.

GTT will design the tanks of the vessel with a cargo capacity 79,800 m3. The vessel will be fitted with the GTT's Mark III Flex membrane containment system and will be the first LNGC built in China to be fitted with the Mark III technology family.

The vessel will be delivered in the fourth quarter of 2023.

Philippe Berterottière, Chairman and CEO of GTT, declared: "We are pleased to count Jiangnan among our LNGC new-building partners and to participate in the development of JOVO's marine fleet. This mid-scale LNGC will be the first vessel built by a Chinese shipyard using our Mark III membrane technology. This agreement with Jiangnan is a significant milestone for the industry and for membrane LNGCs in China."

Hu Keyi, Chief of Corporate Technology of Jiangnan Shipyard (Group) Co., Ltd., said: "Jiangnan is proud to enter into medium-size LNG carrier market with this project. Thanks to our rich experience on hull-form design of VLGC[2], and the great support from GTT especially in pre-contract stage, Jiangnan has successfully combined optimized hull form with GTT's Mark III Flex cargo containment system. Today, we are confident to provide a state of the art and highly flexible LNG carrier that could operate between costal terminals and pan-pacific energy sources. Furthermore, it is really a significant step for Jiangnan shipyard toward the construction of a large LNG carrier."

JOVO declared at this occasion: "We are today delighted to extend our collaboration with GTT, our long-term partner in China. This customized "China Max" LNG carrier is a key part of our sourcing strategy, and paves the way to JOVO future developments. We are fully confident that GTT will assist Jiangnan shipyard for its first mid-scale LNG carrier, using the Cargo Handling System designed by GTT and featuring GTT's Mark III Flex technology, as well as supporting us for the LNG operations."

[1] Liquefied Natural Gas Carrier
[2] Very Large Gas Carrier

Gaztransport & Technigaz press release