|GTT receives order from Hyundai Heavy Industries for a FSRU owned by Höegh LNG|
Paris – November 20, 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 a new FSRU (Floating Storage and Regasification Unit) which will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI).
The regasification unit is expected to be delivered in 2017 and will be built with the proven Mark III technology. The cargo tanks will be equipped with an optimized containment system configuration to allow all partial filling ability.
This FSRU will be the fifth one in the series at HHI and the seventh one in total owned by the Norwegian Company Höegh LNG, and equipped with GTT membrane.
The order, received in November, highlights the importance of the partnership between HHI and GTT and the Höegh LNG’s trust in membrane technologies.
Commenting on this latest notification, Philippe Berterottière, Chairman and CEO of GTT declared “We are pleased to further strengthen our relations with our Korean partner HHI and with Höegh LNG while noting that our technologies are once more recognized by the LNG industry.”
|GTT approves Palumbo Malta Shipyard|
Paris – November 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) and Palumbo Malta have signed a TSA (Technical Service Agreement) on 10th November 2014.
This shipyard (Palumbo Malta) is part of the Italian Palumbo Group, who owns 5 repair-yards in the Mediterranean basin. Palumbo Malta becomes the 17th repair Shipyard approved by GTT. The Maltese company has successfully demonstrated its ability to meet the highest standards of safety and quality required by GTT.
Following this agreement, Palumbo personnel will benefit from dedicated training conducted by GTT experts and advisory services for the preparation of each maintenance operation. This will allow the repair-yard to acquire all the skills necessary to offer its service for the maintenance of GTT membrane containment systems during dry-dock.
“We are delighted to sign this Technical Service Agreement with Palumbo Malta.” declared Philippe Berterottière, GTT chairman and CEO. “The partnership with Palumbo will reinforce the drydock offer in the Mediterranean area, which is located in the crossroads of several commercial routes.”
Raffaele Palumbo, sales director of Palumbo Group satisfied of the success achieved by the performances of the shipyard in Malta declared: “The gas sector is certainly today one of the most active, promising and sought for in the energy domain, but in response to a growing demand in many regions, Europe remains currently in the balance between an economic crisis, and the hope that the demand for LNG may grow.”
Despite this uncertain situation, Mr Palumbo feels Palumbo Malta Shipyard has made a giant step to growth in LNG Market being formally recognised as an approved shipyard by GTT for maintenance and repair works in Membrane type cargo tanks of LNG carrier.
|GTT receives AIP for Mutigas vessels from CCS|
Paris - October 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) announces have received an Approval In Principle (AIP) from CCS (China Classification Society), for its design of “multigas” vessels.
This new AIP confirms that GTT’s membrane systems are not limited to the transport of LNG, but stretches to other liquefied gases, such as ethane, ethylene, propane, butane and propylene. It demonstrates GTT’s technologies are emerging as a safe and efficient means of transporting multiple types of cryogenic gases in their liquid state.
GTT Chairman and CEO Philippe Berterottière, received the AIP certification in Beijing, from CCS Chairman and President Sun Licheng, on the occasion of CCS Seminar, held in Beijing, on October 23, 2014.
Philippe Berterottière declared: “We are delighted to receive this new approval reflecting the partnership between Chinese Classification Society and GTT, and showing the strong willingness for both parties to work together in building the future for liquid gas transportation“.
|GTT participates to CCS Seminar in Beijing|
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.”
|GTT receives order from HHI for two LNGCs for 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”.
|Revenues for first 9 months 2014 up 11% to €173.6 millions|
> 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
Press release: Revenues for first 9 months 2014 up 11% to €173.6 millions
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
|New issue of GTT Inside: the GTT quaterly newsletter|
“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 receives order from DSME for two LNGCs|
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.”
|GTT’s 4000m3 bunker vessel approved by Bureau Veritas|
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.
|GTT and Conrad Shipyard initiate the process for Building Membrane tank Bunker 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.
|GTT charts the course for multi-gas vessels with membrane designs after receiving five AIPs|
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.
|GTT’s technology chosen by Samsung Heavy Industries (SHI) for Very Large Ethane Carriers (VLEC)|
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.”
|GTT grants new outfitter license to Gabadi S.L.|
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.
|GTT Receives Approval In Principal (AIP) for LNG Bunker Mast from Bureau Veritas|
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)
|GTT present at SMM International Maritime show – HAMBURG 2014|
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.