|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.
|GTT receives order from DSME for nine additional ice-breaking LNGCs|
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.
|GTT reports excellent first half 2014: Net income up 18% 2014 targets confirmed|
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.
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
|GTT receives notification from HUDONG-ZHONGHUA for four LNGCs ordered by TEEKAY, CNOOC, CHINA LNG SHIPPING and BW|
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.”
|GTT now part of the SBF 120 index|
Paris, June 24, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT), listed on the compartment A of Euronext Paris since February 27, 2014, is very pleased to announce effective from Monday 23 June 2014 the completion of its integration into the SBF 120 index, following the June 5, 2014, decision by the Expert Indices Committee of Euronext.
GTT is now integrated into the following indices:
- > SBF 120 index
- > CAC Mid 60
- > CAC Mid & Small
- > CAC All-Tradable
- H1 2014 Financial results, July 24, 2014 (After market close)
- Payment of an interim dividend for the financial year 2014 on September 29, 2014
- Q3 2014 Revenues, October 14, 2014 (After market close)
Press release : GTT now part of the SBF 120 index
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
|GTT receives notification from Hyundai for two LNGCs ordered by GasLog|
Paris – July 10, 2014. GTT (Gaztransport & Technigaz ISIN FR0011726835 Euronext Paris: GTT) announced the notification of two LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI).
GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder specifying the use of GTT technology. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) received notification from HHI for these new orders in June 2014.
These two large vessels are expected to be delivered in 2017 and will be built with the Mark III Flex membrane technology which allows for an optimized daily boil-off rate of cargo LNG.
Philippe Berterottière, Chairman and CEO of GTT declared “We are delighted that our long-time partners have selected to use the GTT technology for their newest LNGCs”.
|Discover GTT Inside : the GTT quaterly newsletter|
Quite often at GTT, we notice that people in the LNG industry are not fully abreast of all our activities. More importantly, they do not receive technical information from us in a timely manner. Obviously, it is our responsibility to pass on information that could be of interest to you!
The purpose of this newsletter is to improve on this by giving the LNG industry a regular link to GTT. Our aim is to communicate every quarter useful technical information and new technological developments as well as to inform you about our growing services offer.
We hope that you will find it useful and timely. In the not too distant future we will be asking you what you think so it can be improved to meet your needs.
Meanwhile, at GTT, we are very excited about having a new way of being in contact with you.
Let’s talk on a regular basis!
Philippe Berterottière, Chairman & C.E.O.
In this issue:
> TECHNOLOGIES: GTT Experts exchange with LNG industry players at 2014 ISOPE Conference in Korea
> NEWS: Real-time monitoring of sloshing for LNGCs using SloShield™
> MEETINGS: Posidonia 2014 – GTT brings focus on LNG as a fuel
> SERVICES: GTT Training is up and running!
|GTT launches its training centre by welcoming delegates for the first course|
Paris – 9 July, 2014, GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT). The new GTT training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course. The delegates who participated received training in the cargo operations typically conducted onboard LNG carries in a course which is approved by DNV GL as complying with the SIGTTO (Society of International Gas Tanker and Terminal Operators), suggested competence standard. The new training center is located in the grounds of GTT’s headquarters in Saint Rémy Lès Chevreuse near Paris.
The site was officially opened on Monday 23rd June with a ribbon cutting ceremony which included the course delegates and GTT staff members.
During the five-day course, delegates were exposed to a full dry-dock to dry-dock voyage cycle of cargo operations using a LNG Handling Simulator developed by GTT. The simulator exercises were combined with lectures, discussions and guided self-study in the evenings together with daily assessments.
Feedback from some of the initial participants on completion of the course was positive. Captain Costas Krokos (Maran Gas) said that the simulator is, “close to reality” and Mcvin Celibio, Superintendant at K-Line LNG Shipping (UK) underscored “the course effectiveness” and “appreciated the completeness of the GTT course offering all at a single location”.
Philippe Berterottière, Chairman and CEO of GTT, declared: “This is a big event for GTT and we are proud to be able to offer training in-line with our vision of how this dynamic sector is developing. The first corporate value at GTT is safety which goes hand in hand with training, and this new center follows our culture as we seek to provide excellence.”
|GTT introduces SloShield™ real-time monitoring of liquid motion in tanks to improve LNGC efficiency|
Paris – July 2, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT) and its partner Cryovision announce the launch of an innovative monitoring system to help reduce the effects of liquid motion in LNGCs (Liquefied Natural Gas Carriers) , including extra boil-off of LNG cargo, due to “sloshing” inside the vessel’s tanks.
The new tool, SloShield™, uses an advanced algorithm that allows LNG carrier crews to constantly monitor the vibrations in each tank’s structure due to specific sloshing activity by consulting easy-to-read screens in real-time, thus allowing them to make critical decisions based objective indicators to optimize the ship’s operation.
This first generation SloShield™ is the result of more than three years of prototyping onboard an LNGC in real operational conditions, which qualifies it as a sea-proven, safe and reliable system. It was developed from a joint effort between GTT engineers, drawing on significant amounts of actual historical data on liquid motion in navigational situations, and the Cryovision team which has packaged the offer and will install the tool.
SloShield™ will be distributed by Cryovision on a turn-key basis that includes: studies, class validation, procurement, erection and commissioning. In addition, GTT experts are available to review the sloshing data, together with the operational environmental parameters to capitalize on each vessel’s specific experience. The SloShield™ package combines the best of GTT’s unrivalled expertise in measuring and analyzing sloshing activity at sea and Cryovision’s field experience and reactivity. “Flexibility and reliability are key words for us”, said Julien Glory, Cryovision COO, adding, “A SloShield™ installation can even be done while LNGCs are at sea to accomodate customer constraints and schedules.”
GTT CEO, Philippe Berterottière declared, “We are excited to add this new offer to our expanding services portfolio. At GTT, we constantly seek new ways to provide value-added innovations that increase LNG carrier efficiency to ensure they stay at top performance levels.”
|GTT receives notification from Samsung Heavy Industries for two LNGCs ordered by GasLog|
Paris – June 26, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT) announced the notification of two LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder Samsung Heavy Industries (SHI).
GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from SHI specifying the use of GTT technology. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) has received notification from SHI for these new orders.
These large vessels are expected to be delivered in 2017 and will be built with the Mark III Flex membrane technology which allows for an optimized daily boil-off rate of cargo LNG.
These two new orders follow four identical GasLog LNGCs also being built with Mark III Flex Technology, and notified to GTT in 2013.
Philippe Berterottière, Chairman and CEO of GTT declared “These new orders for LNGCs mark a further step in reinforcing our relationships with two long term partners: Samsung Heavy Industries and GasLog.”
+33 130 232 041/ email@example.com
|GTT North America’s Membrane LNG Bunker Barge receives Approval from DNV GL|
June 17th, 2014 - Houston-based GTT North America (GTT NA), US subsidiary of French engineering and technology company GTT (Gaztransport & Technigaz SA), has received an Approval in Principle from DNV GL for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge.
The distinctive design incorporates GTT’s proven membrane Cargo Containment System (CCS), which is utilized in roughly 70% of the global LNG carrier fleet and nearly 90% of LNG carrier projects on order.
“This Approval in Principle from DNV GL, the world’s largest class society and well known developer of technology enabling LNG as fuel for short sea shipping, is a major step forward in demonstrating the suitability of the GTT membrane systems for LNG storage and transportation within North American waters. The robust and highly competitive GTT solutions for the North American market complement the on-going price quotation with local shipyards” said Aziz Bamik, GTT NA General Manager.
“The GTT membrane system provides more choice than just the Type C tank containment systems. It allows for better volumetric efficiency, which is a concern for ship types where sacrificing revenue-earning space for bunker is often a show-stopper,” comments Tony Teo, DNV GL’s Houston-based technology and business director.
The CCS selected for the barge is GTT’s proprietary Mark III Flex system, an enhancement of the Mark III system that allows for improved thermal and structural performance of the CCS. The Mark III membrane CCS consists of a cryogenic liner directly supported by the vessel’s inner hull, which allows for maximum volumetric utilization of the available cargo space. This liner is composed of a primary metallic membrane fastened atop a prefabricated insulation panel that includes a complete secondary membrane.