GTT grabs LNG tank design deal for South Korean shipyard

France’s GTT has been contracted by a South Korean shipyard to design liquefied natural gas storage tanks for a new LNG carrier. 

The LNG containment specialist said in its statement that the vessel is scheduled for delivery in the first quarter of 2020, keeping the names of the shipyard and the shipowner confidential at this stage.

GTT will design the LNG cargo tanks with the planned capacity of 174,000 cubic meters.

“The insulation solution Mark III Flex has been chosen for its ability to reduce the daily guaranteed Boil-Off gas rate to 0.085% of tank volume,” the statement reads.

So far, 48 vessels that are already in service are equipped with this technology.