GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle
October 25 2022 - 11:45AM
GTT unveils its innovative three-tank LNG carrier concept with two
Approvals in Principle
GTT unveils its innovative
three-tank LNG carrier concept with two
Approvals in Principle
Paris –
October
25th,
2022. GTT
announces that it has received two Approvals in Principle (AiP) for
its innovative three-tank LNG tanker design, from DNV and Bureau
Veritas (BV). This cutting-edge technological solution is aimed at
increasing the profitability and overall performance of the
vessel.
This three-tank LNG carrier concept permits a
reduction in construction costs through the suppression of one
cofferdam, one pump tower and all associated cryogenic equipment
(liquid and gas domes, valves, piping, radars, etc.). The overall
surface area of the containment system will also be reduced by
about 2,000 m², generating lower costs for the materials and vessel
construction.
At the same time, the improved ratio between the
volume of LNG transported and the surface area of the cryogenic
liner will make it possible to reduce the daily boil-off rate. As
an example, GTT estimates that it will achieve a boil-off rate as
low as 0.080% of tank volume per day with the Mark III Flex
technology, compared to 0.085% of the volume per day with the LNG
carriers currently in operation.
This new design could also offer time-savings
for shipyards and optimise their construction schedule.
DNV and BV have issued an approval in principle
for this innovative three-tank LNG carrier design for the Mark III
and NO96 technologies developed by GTT.
Philippe Berterottière, Chairman and CEO
of GTT, said: "For almost 60 years, the GTT Group has been
constantly improving its technologies to offer its customers
solutions that meet their requirements as well as those of the
regulatory authorities. Thirty years ago, we upgraded LNG carriers
from five to four tanks and we now hope to bring the market forward
with a three-tank LNG carrier. We hope to see this concept become
standard in future years."
Jean-Baptiste Boutillier, VP
Development,
Innovation and
Technical
Strategy at
GTT, said: "We are honored by the granting of
these two approvals in principle for the design of the three-tank
LNG carrier. We are convinced that this evolution will benefit all
stakeholders by improving the performance of the LNG carrier while
reducing its carbon footprint."
About GTT
GTT is a technological expert in containment
systems with cryogenic membranes used to transport and store
liquefied gases. For over 50 years, GTT has been designing and
providing cutting-edge technologies for a better energy
performance, which combine operational efficiency and safety, to
equip LNG carriers, floating terminals, land storage, and multi-gas
carriers. GTT also develops systems dedicated to the use of LNG as
fuel, as well as a full range of services, including digital
services in the field of Smart Shipping. The Group is also active
in hydrogen through its subsidiary Elogen, which designs and
assembles electrolysers notably for the production of green
hydrogen.
GTT is listed on Euronext Paris, Compartment A
(ISIN FR0011726835 Euronext Paris: GTT) and is notably included in
SBF 120, Stoxx Europe 600 and MSCI Small Cap indices.
For more information, visit www.gtt.fr.
Media
contact: press@gtt.fr / + 33 (0)1 30 23 48 45
Investor Relations
contact: information-financiere@gtt.fr / + 33 (0)1 30
23 20 87
About DNV
DNV is the world’s leading classification society and a
recognized advisor for the maritime industry. We enhance safety,
quality, energy efficiency and environmental performance of the
global shipping industry – across all vessel types and offshore
structures. We invest heavily in research and development to find
solutions, together with the industry, that address strategic,
operational, or regulatory challenges. www.dnv.com/maritime
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing,
inspection and certification services. Created in 1828, the Group
has close to 80,000 employees located in nearly 1,600 offices and
laboratories around the globe. Bureau Veritas helps its 400,000
clients improve their performance by offering services and
innovative solutions in order to ensure that their assets,
products, infrastructure and processes meet standards and
regulations in terms of quality, health and safety, environmental
protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the
CAC 40 ESG, CAC Next 20 and SBF 120 indices.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit www.bureauveritas.com, and follow us
on Twitter (@bureauveritas) and LinkedIn.
- GTT unveils its innovative three-tank LNG carrier concept with
two Approvals in Principle
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