en.Wedoany.com Reported - French engineering company GTT has received an order from Hudong-Zhonghua to provide cargo tank design for five large LNG carriers.
These five new vessels were ordered at Hudong-Zhonghua by Malaysia International Shipping Corporation (MISC) and will feature GTT's NO96 Super+ membrane containment system, with each tank having a capacity of 174,000 cubic meters. The aforementioned ships are expected to be delivered successively between 2029 and 2030, with GTT responsible for the cryogenic cargo tank design work.
It is understood that Hudong-Zhonghua signed the first batch of construction contracts with MISC for 3+3 large 174,000 m³ LNG carriers in January this year, followed by a second batch of 2+2 LNG carrier orders signed by both parties in February. These new ships will be on long-term charter to Petronas for a period of 20 years.
This series of 174,000 m³ LNG carriers is the fifth-generation "Changheng Series" star vessel type, independently developed and designed by Hudong-Zhonghua. It is equipped with multiple low-carbon and energy-saving core technologies, capable of reducing daily navigation carbon emissions by over 10 tons, with an Energy Efficiency Design Index (EEDI) reaching international leading levels, deeply aligning with the global shipping industry's low-carbon transformation trend. Adopting the world's most advanced NO96 Super+ containment system, it achieves optimal Boil-off Rate (BOR) performance, featuring outstanding advantages such as safety, reliability, green efficiency, and excellent economic performance. Over 20 core technologies are completely proprietary, with key performance indicators in energy efficiency levels, environmental protection metrics, cargo storage, and operational economy all reaching world-leading standards.
GTT holds an absolutely monopolistic technological advantage in the field of membrane-type cargo tank design for LNG carriers. It is understood that the cargo containment system is the core technology of LNG carriers. Currently, the vast majority of large LNG carriers globally utilize GTT's membrane-type cargo tanks, and all ultra-large LNG carriers of 170,000 m³ and above built by Chinese shipyards also exclusively use GTT's patented containment systems.
Royalty payments for LNG cargo tank patents from Chinese and South Korean shipyards constitute the largest source of GTT's revenue. According to annual report data, GTT's patent revenue from LNG carriers and ethane carriers grew by 26% last year to €698 million (approximately RMB 5.567 billion), FSRU patent revenue surged by 721% to €11.5 million, and FLNG patent revenue increased by 122% to €10.2 million.
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