GTT secures LNG tank gig from China’s DSIC

French LNG containment giant GTT has secured a tank design order from China’s shipbuilder DSIC for two 175,000-cbm LNG carriers.

GTT won the contract in the third quarter of 2024.

According to GTT, the LNG carriers’ tanks will be fitted with GTT’s Mark III Flex membrane containment system.

DSIC will build the LNG carriers for Cosco Shipping and deliver the vessels in the third quarter of 2027.

GTT did not provide further information.

In July this year, LNG Prime was the first to report that Cosco Shipping Energy Transportation signed a letter of intent with DSIC for two 175,000-cbm LNG carriers.

Last month, Cosco Shipping Energy Transportation and DSIC signed the shipbuilding deal.

Besides GTT’s Mark III Flex membrane containment system, the vessels will be equipped with WinGD dual-fuel engines with integrated ICER system.

DSIC noted that this marks another cooperation between the two firms as the shipbuilder is already constructing three 175,000-cbm LNG carriers with the same specifications for a joint venture consisting of units of Cosco Shipping Energy Transportation and Sinopec under a deal signed in August last year.

Cosco Shipping Energy Transportation said the deal is worth about 3.46 billion yuan ($488 million).

The company’s unit Cosco Shipping LNG Investment (Shanghai) ordered the vessels via two special purpose LNG carrier companies.

17 LNG carrier orders for DSIC

In March 2022, DSIC won its first large LNG carrier order for two ships from China Merchants Energy Shipping (CMES), a unit of China Merchants Group, and after that CMES added six more vessels.

Earlier this year, the shipbuilder launched the first CMES LNG carrier.

Moreover, DSIC signed a deal in August last year to build two LNG carriers for a joint venture consisting of China Gas, Wah Kwong Maritime Transport, and CSSC Shipping.

The three firms ordered two more LNG carriers at DSIC in April this year.

Including these Cosco Shipping Energy Transportation vessels, the shipbuilder has 17 LNG carriers on order.

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