GTT announced in early 2026 that it has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of four new Liquefied Natural Gas Carriers (LNGCs). The LNGCs will be built by the shipyard HD Hyundai Heavy Industries, each with a capacity of 200,000 m³. This order is significant as it marks a major collaboration between GTT and HD KSOE in the field of LNGC design and construction.
The four new vessels are expected to play a crucial role in meeting the increasing demand for LNG as a clean-burning fuel source. As the global energy landscape continues to shift towards cleaner and more sustainable options, the development of advanced LNGC designs is becoming increasingly important. GTT's expertise in tank design and its long-standing partnerships with leading shipyards like HD KSOE position it well to meet this growing demand.
The order also highlights the importance of collaboration between industry players in driving innovation and progress in the field of LNGC design and construction. With four new vessels on the horizon, GTT and HD KSOE are poised to make a significant impact on the global LNG market. The LNGCs will be designed using GTT's proprietary tank design software, which is renowned for its accuracy and efficiency.
This order marks a major milestone in the partnership between GTT and HD KSOE, demonstrating their commitment to delivering cutting-edge LNGC designs that meet the evolving needs of the industry. As the world continues to transition towards cleaner energy sources, the development of advanced LNGC designs will play an increasingly important role in reducing greenhouse gas emissions and promoting sustainable energy practices. The four new LNGCs are expected to be delivered to HD Hyundai Heavy Industries for construction, with each vessel boasting a capacity of 200,000 m³.
This order is also significant as it underscores the growing importance of LNG as a clean-burning fuel source, particularly in the maritime sector. With the increasing demand for LNG as a fuel source, the development of advanced LNGC designs will be crucial in meeting this demand and reducing greenhouse gas emissions. As such, GTT's expertise in tank design and its long-standing partnerships with leading shipyards like HD KSOE position it well to meet this growing demand.
The order is also expected to have a positive impact on the global economy, as the increased efficiency and reduced emissions of LNG-powered vessels will lead to cost savings and environmental benefits for operators. Furthermore, the development of advanced LNGC designs will also contribute to the growth of the global LNG market, as more vessels are designed with sustainability in mind. As such, GTT's commitment to delivering cutting-edge LNGC designs is not only crucial for meeting the evolving needs of the industry but also essential for driving progress and innovation in the field of LNGC design and construction.