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Hyundai Mipo gains licence to install GTT's LNG fuel tanks

Chance for both firms to expand their LNG-as-fuel offering to shipowners, says GTT.



Image credit: Pixabay CC0


Updated on 19 Sep 2018 08:26 GMT

Gaztransport & Technigaz (GTT) has signed a Technical Assistance and License Agreement (TALA) with South Korea's Hyundai Mipo Dockyard (HMD) for the outfitting of gas carriers - in particular LNG fuel tanks and small- and middle-scale (up to 50,000 cubic metres) tanks for merchant ships.

Ulsan-based Hyundai Mipo obtained its license after completing a qualification process that began in April, including the construction of a Mark III Flex mockup and an audit led by GTT.

Hyundai Mipo thus becomes the third shipyard among the Hyundai group to be licensed by GTT. The two other construction sites, Hyundai Heavy Industries and Hyundai Samho Heavy Industries, have been constructing LNGCs and FSRUs with GTT membrane technologies for several years.

Commenting on the agreement, GTT said: "This contract represents a new step forward in the development of GTT technologies in the small-capacity market. It will also allow both partners to further expand their offer to ship owners, in particular in the LNG as fuel field."

Philippe Berterottiere, chairman and CEO of GTT, remarked: "We are pleased to expand our long-time partnership with Hyundai, group with whom the signature of our first TALA goes back to 27 years. We have the pleasure to now count HMD, who has just delivered its 1000th ship, among our new partners."






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