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News
23-10-2014
GTT participates to CCS Seminar in Beijing
china_classifications_society

Beijing– October 23, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces its participation to the CCS (Chinese Classification Society) LNG Technology Seminar, to be held in Beijing on October 23, 2014.

On this occasion, GTT Chairman and CEO Philippe Berterottière will give a lecture presenting the latest GTT developments for multi-gas transport technology including the application to ethane transport and small-scale shipping solutions.

Further to the design work performed by GTT to demonstrate the suitability of the membrane technologies to carry heavier density liquefied gas, GTT will also receive the CCS AIP (Approval in Principle) certification, for its design of multi-gas carrier vessels.

This event, organized by CCS, is an exceptional seminar, gathering many experts from maritime administration, oil & gas companies, ship-owners, design institutes and shipyards, highlighting the latest updates in the LNG world.

Philippe Berterottière commented: “This is a great honor to be invited by CCS, in order to present our last developments and to meet their experts since GTT is committed to address new segments thanks to the adaptation of its well proven technologies. In doing so GTT is briging very cost effective solutions to the market and is improving continually its membrane designs, with meeting the market requirements and specifications.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

 

17-10-2014
GTT receives order from HHI for two LNGCs for Hyproc
HHI Hyproc

Paris – October 17, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) confirms an order for two large LNGCs (Liquefied Natural Gas Carriers), which are in the third quarter 2014 order book. The two ships will be built by the Korean shipbuilder HHI (Hyundai Heavy Industries CO, LTD.).

The LNGCs are expected to be delivered between 2016 and 2017 and will be built with the innovative Mark III flex membrane technology, which allows an optimized daily boil-off rate of cargo LNG.

These vessels will be owned by the Algerian shipping company Hyproc, which has been operating GTT-designed LNG carriers since 1971 and reaffirms regularly its trust in GTT membrane systems.

Philippe Berterottière, Chairman and CEO of GTT commented: “HHI and Hyproc are two long-term partners. We are delighted to see that these companies have chosen, once again, membrane containment solutions for their new buildings”.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

 

14-10-2014
Revenues for first 9 months 2014 up 11% to €173.6 millions
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> Strong new order intake in the third quarter with 19 vessels
> First order of 6 VLEC (Very Large Ethane Carriers) for delivery beginning in 2016
> Revenues increased by 11% for the first 9 months
> Increase in free-float portion of capital (from 38.64% to 44.03%)
> Interim dividend of €1.50 per share paid during the third quarter 2014
> Confirmation of 2014 targets

Paris — October 14 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT) world
leader in Liquefied Natural Gas (LNG) containment and storage systems announces its first 9 months revenues
for 2014.

Press release: Revenues for first 9 months 2014 up 11% to €173.6 millions

Contacts:
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
information-financiere@gtt.fr

13-10-2014
New issue of GTT Inside: the GTT quaterly newsletter
GTT Inside

In this issue of GTT Inside, we focus on some of the latest AIP’s received from Class Societies for GTT technologies: REACH4TM (Refueling Equipment Arm CH4) bunker mast design received an AIP from BV; five Class approvals (ABS, BV, CCS, DNV and LR) were received for Multi-gas vessels using membrane technology conceived for the transport of multiple gases including ethane, ethylene, propane, butane, propylene and of course methane. Finally, an AIP for a small scale, 4.000m3 bunker vessel from BV. GTT also signed a licensing agreement with Gabadi (Spain) who becomes our first licensed outfitter, which recognizes their ability to produce GTT membrane modules destined for LNG “clean” fuel tanks.
We hope you find the information in GTT Inside valuable.

Philippe Berterottière, Chairman & C.E.O.

In this issue: 

  • NEWS / GTT charts the course for multi-gas vessels with membrane designs after receiving five AIPs
  • TECHNOLOGIES / SloShieldTM update
  • INNOVATION / GTT receives Approval In Principal (AIP) for REACH4TM LNG bunker mast from Bureau Veritas
  • LNG BUNKERING / New AIP from Bureau Veritas for GTT 4,000m3 bunker vessel design
  • LICENSES / GTT grants new outfitter license to Gabadi S.L.

GTT’s newsletter #2 – October 2014

 

09-10-2014
GTT receives order from DSME for two LNGCs
DSME

Paris – October 9th, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) received an order for two LNGCs (Liquefied Natural Gas Carriers) which add to the already strong third quarter 2014 order book, and which will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

These vessels are expected to be delivered between 2017 and 2018.

They will be built with the innovative NO 96 GW membrane technology, which allows an optimized daily boil-off rate of cargo LNG, and helps to save fuel cost during journeys.

These vessels will be operated by BW Group, a Norwegian owner with a long history of operating GTT-designed LNG carriers.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared, “We are very happy to receive this new order. It shows our long partnership with DSME, which is particularly involved in the promotion of NO 96 membrane systems; as well as BW, who already operates many ships equipped with GTT technologies.”

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

07-10-2014
GTT’s 4000m3 bunker vessel approved by Bureau Veritas
GTT_4000 cubic meter LNG bunker vessel_BD

Paris – October 7th, 2014. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces an AIP (Approval In Principal) from Bureau Veritas (BV) for its bunker vessel, with an especially cost effective design.

This AIP follows other recent approvals from several major classification societies for GTT designs for a 2.200m3 bunker barge in the US market and of the REACH4TM, bunker mast.

This approval further positions GTT in the progressive adoption of LNG as a fuel for commercial vessels. GTT is capitalizing on its long experience in LNG containment by developing solutions along the whole supply chain dedicated to ship bunkering with LNG.

Equipped with Mark III Flex membrane tank design and also fitted with a storage capacity of 1.000m3 MDO (Marine Diesel Oil) as additional bunker fuel for delivery, the 4.000m3 LNG bunker vessel has an improved compact design offering the highest degree of safety in operation. It is particularly well-adapted to perform in congested areas such as narrow channels and ports.

This is a new step for us, recognizing the work done by our team of engineers and designers over a long period”, commented Philippe Berterottière, Chairman and CEO of GTT.

This new bunker ship will be able to refuel safely client vessels and will be equipped with the REACH4TM bunker mast to assure safe and efficient fuel transfer as well as appropriate BOG (Boil-off gas) management solutions.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

01-10-2014
GTT and Conrad Shipyard initiate the process for Building Membrane tank Bunker Barge
barge

Paris (France) and Houston (TX, USA) – October 1, 2014, GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), via its US subsidiary GTT North America, announced the signing of an agreement with Conrad Shipyard, Morgan City (LA, USA) for the future production of LNG membrane tanks using GTT’s technology.

The signing of an agreement initiates the process of training and preparing Conrad Shipyard, a major US shipbuilder, to offer GTT’s membrane containment technologies for LNG storage, transportation, and fuel tanks. The training process will include the construction of a membrane tank model to exhibit Conrad Shipyard’s manufacturing and installation expertise. The successful construction of the model tank will demonstrate to both regulatory agencies and classification societies the shipyard’s skills and experience in the production of sophisticated membrane technologies.

This partnership demonstrates the continued commitment of both GTT North America and Conrad Shipyard to the development of the LNG fuel market in the US, including small and mid-scale LNG infrastructure to support development of this nascent market. Earlier in the year, Conrad and Bristol Harbor Group International (BHGI), a naval architecture and marine engineering firm, developed a concept design for a 4,200 cubic meter LNG bunker barge, adapting BHGI’s proven 35,000 bbl, oil barge platform technology to include two LNG cargo tanks fitted with GTT’s proprietary Mark III Flex Containment System technology. The use of GTT membrane cargo tanks increase in LNG storage capacity by 40% compared to the alternative “type C” storage tanks in the same barge footprint.

Contact presse
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

30-09-2014
GTT charts the course for multi-gas vessels with membrane designs after receiving five AIPs
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Paris – September 30, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced five AIPs for transportation of liquefied gases other than LNG.

As a product of the shale gas revolution in the US, there is also an abundant supply of ethane. For this ethane to be transported there is an increasing interest in liquid ethane as a cargo, giving rise to the need for dedicated vessels. The five AIPs (Approval in Principle) received from Class Societies (ABS, BV, CCS, DNV and LR) confirm that membrane technology is in a solid position among the current containment systems to equip these vessels.

GTT’s existing technologies have been enhanced to transport liquid gases other than LNG, including, ethane, ethylene, propane, butane and propylene.

Membrane technology has long been a preferred choice in the LNG shipping market, and it has also been a viable solution for GTT Cargo Containment Systems on Very Large Ethane carriers. Since 1964, GTT has provided designs for sea transport of Ethylene and Liquefied Petroleum Gases (LPGs), with carriers ranging from 1 100m3 to 120 000 m3 (ex. Pythagore, Descartes, Annabella, Ben Franklin).

 “These five AIPs awarded to GTT’s, proven membrane technology and the recent order of six ethane carriers (VLECs) using this technology are major steps forward in demonstrating the suitability of the GTT membrane systems for transportation of multiple types of cryogenic gases in their liquid state.” declared Philippe Berterottière, Chairman and CEO of GTT.

Press Contact:
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

16-09-2014
GTT’s technology chosen by Samsung Heavy Industries (SHI) for Very Large Ethane Carriers (VLEC)
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Paris – September 16, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced that its technology has been chosen for six VLECs, which will be built by the Korean shipbuilder SHI for an Asian group.

The shale gas revolution in the U.S. has major consequences in the energy sector, especially with the increasing extraction of ethane. The export of this gas by sea opens significant worldwide opportunities for the petrochemical industry. Construction and operation of ships dedicated to the transportation of ethane will meet the growing needs of this expanding market.

This context has brought an Asian group to order six ships, four of which should be delivered by the end of 2016 and two in 2017. These new vessels are multi-gas and will be designed to transport ethane, but also several other types of gas, such as propane, butane and propylene. The technology chosen is the proven Mark III insulation system. Designed to carry ethane from the United States to Asia, these six vessels will be the largest VLEC ever built.

About this order, Philippe Berterottière, Chairman and CEO of GTT declared, “We are very proud to announce this order which demonstrates GTT’s ability to grow and adapt its offer to other emerging markets. This new multi-gas vessel design will provide operators with an extended flexibility for transporting all types of liquid gas.”

Press Contact:
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

10-09-2014
GTT grants new outfitter license to Gabadi S.L.
gabadi

Hamburg – September 10, 2014. On the occasion of SMM in Hamburg, GTT (Gaztransport & Technigaz ISIN FR0011726835 Euronext Paris: GTT) and Gabadi S.L. have signed a Technical Assistance and License Agreement (TALA), making Gabadi the first outfitter licensed by GTT.

Gabadi received its outfitter’s approval after successfully completing the qualification process including dedicated training of its employees by GTT and after having demonstrated their ability to build modules of all type of GTT membrane containment systems.

The Spanish outfitter will work on the construction of new ships, especially for small LNG carriers and LNG bunkering projects. Gabadi and GTT will offer turnkey solutions on membrane type Liquid Gas Containment System to shipyards and ship-owners, guaranteeing high quality work and rapid construction.

 ”We are delighted to be the first outfitter having the Technical Service Agreement with GTT for the maintenance and refit work on all type of GTT Membrane. Today we are honored again to become the first promoter to achieve the TALA, recognizing our expertise and capabilities after a long effort and more than 10 years of work on GTT membrane containment systems. This would not have been possible without the invaluable collaboration of GTT. “  Declared by Antonio José Llago Hermida, Managing director of Gabadi, SL, during  the signing ceremony.

“We are very happy to count Gabadi among our partners. This new kind of license will allow ship-owners and shipyards to call on qualified and trained outfitters, in order to reduce their investment while ensuring the excellence required by GTT” declared Philippe Berterottière, Chairman and CEO of GTT, during the signing ceremony.

Press contact
+33 7 87 51 95 90/ ahschlosser@gtt.fr
press@gtt.fr
www.gtt.fr

09-09-2014
GTT Receives Approval In Principal (AIP) for LNG Bunker Mast from Bureau Veritas
bunker_mast

Paris – September 9, 2014.  GTT (Gaztransport & Technigaz, ISIN FR0011726835 Euronext Paris: GTT) announced today the AIP from Bureau Veritas for its innovative bunker mast design, REACH4*.

The use of LNG (Liquefied Natural Gas) as a fuel for all types of transport vessels is evolving, and with it comes the requirement for basic equipment to ensure safe and simple LNG bunkering.

GTT has drawn on years of experience with LNG to create a bunker mast system called REACH4.  It is designed to fit on the LNG bunker vessel, permitting a simple and safe transfer of LNG fuel to a client vessel.  Developed by GTT engineers, this new system applies well-proven methods for conventional fuelling adapted to constraints specific to LNG.  GTT’s REACH4 is well-suited to bunker most ships, whatever their bunker station arrangement.

With safety being of utmost importance, REACH4 will be fitted with break-away couplings for safe and reliable emergency disconnections. A patented configuration prevents rapid disconnections and keeps the breakaway couplings in a fixed position on the mast to ensure simple and safe deployment.

GTT is currently in discussions with numerous partners, both equipment manufacturers and end users, to ensure that the final design is adapted to the needs of the market as a whole.  The system is already being integrated in bunker vessels designs.

GTT CEO, Philippe Berterottière, stated, “With today’s announcement, GTT affirms its focus on designing applications that will bolster the use of LNG as a fuel.   Our engineers continually seek to create innovative and simplified solutions to help build the infrastructure necessary to boost the expansion of LNG as a fuel.”

GTT’s REACH4 Bunker mast
*Refueling Equipment Arm, Methane (CH4)


P
ress contact
+33 130 232 041 / press@gtt.fr
www.gtt.fr

 

01-09-2014
GTT present at SMM International Maritime show – HAMBURG 2014
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Paris – September 1st, 2014. GTT (Gaztransport & Technigaz ISIN FR0011726835 Euronext Paris: GTT) announce its participation in SMM Hamburg, from September 9th to 12th 2014.

Every two years, SMM, the world’s leading maritime fair, opens its doors to the international maritime community. During four days, representatives of the global maritime industry and technical experts meet to discuss the future developments, and to find new partners. In 2012, SMM’s 2100 exhibitors welcomed fifty thousand trade visitors.

This exhibition is a unique opportunity to gather energy transport professionals  from all around the globe.

GTT is once again exhibiting and welcomes its visitors to its booth located in Hall B2.

SMM is going to be the opportunity to present to the entire maritime industry its LNG as a fuel solutions, its latest technologies and services, highlighting its new developments for Small Scale LNG carriers and LNG fuel Tanks.

Please visit us at our booth O.G. 101.2, Hall B, upper floor.

Contact presse
+33 7 87 51 95 90/ / ahschlosser@gtt.fr
www.gtt.fr

24-07-2014
GTT receives order from DSME for nine additional ice-breaking LNGCs
DSME

Paris – July 24, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced the order of nine LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

Six new ships will be owned jointly by TEEKAY & CLNG and the three others will be owned jointly by MOL & CSLNG.

These large vessels are expected to be delivered between 2017 and 2019. They will be built with the NO 96 membrane technology, with more than 20 years of successful experience at sea, which is well suited for these ice-breaking LNGCs and allows for an optimized daily boil-off rate of cargo LNG.

These nine Liquefied Natural Gas Carriers follow one identical Sovcomflot order of an LNGC, dated March 2014, also being built with NO 96 Technology.

These are the world’s first ice-breaking LNGCs ever ordered. They will create the link between the liquefaction production plant at Yamal, located in the North West part of Russia, and numerous customers in North East Asia, travelling via the Arctic Ocean.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared, “We are very proud of having succeeded in convincing the various partners in this project that the GTT technology is perfectly adapted to this type of difficult environment.”

GTT has not identified any technical or political elements that could affect these orders.


Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

 

24-07-2014
GTT reports excellent first half 2014: Net income up 18% 2014 targets confirmed
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Strong first half revenue growth reflects robust order intake during previous years

> 19 new orders in first half, revenue visibility extended from 2017 to 2019
> Net income margin of 51% in-line with expected full year performance
> Confirmation of 2014 targets
> Interim dividend payment

Paris – July 24, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT) world leader in Liquefied Natural Gas (LNG) containment and storage systems announces its first half financial results for 2014 today after market close.

Press Release - GTT reports excellent first half 2014: Net income up 18% 2014 targets confirmed


Contacts:
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
information-financiere@gtt.fr

16-07-2014
GTT receives notification from HUDONG-ZHONGHUA for four LNGCs ordered by TEEKAY, CNOOC, CHINA LNG SHIPPING and BW
HZ

Paris – July 16, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced the notification, in June, of four LNGCs (Liquefied Natural Gas Carriers) which will be built by the Chinese shipbuilding Company HUDONG-ZHONGHUA SHIPBUILDING (GROUP) CORPORATION, (HZ).

The new ships will be jointly owned by TEEKAY LNG PARTNERS LP, the third largest independent owner of LNG carriers, CHINA NATIONAL OFFSHORE OIL CORPORATION, CHINA LNG SHIPPING and BW.

The first vessel is expected to be delivered in 2017 and the three others within the two following years. They will be built with the proven NO 96 technology which benefits from more than 40 years of successful experience at sea.

These four new orders highlight the importance of the partnership between HZ and GTT and bring the total number of LNGCs ordered by HZ to 20, six of which are in currently in service.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared “We are pleased to further strengthen our relations with our Chinese partners while noting that our technologies are once more recognized by the LNG shipping operators.”


Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

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