GTT announced an order from Jiangnan Shipyard in early 2026 to design the tank components of two new Liquefied Natural Gas Carriers (LNGCs) on behalf of Eastern Pacific Shipping. The vessels will feature a capacity of 175,000 cubic meters and be equipped with GTT's Mark III Flex membrane containment system. The contract is expected to contribute significantly to GTT's growth in the LNG market.
Jiangnan Shipyard is known for its expertise in shipbuilding and repair services. The partnership between GTT and Jiangnan will enable efficient production of the vessels, ensuring timely delivery by the end of 2028. The Mark III Flex system offers improved safety and efficiency compared to previous designs.
With this order, GTT solidifies its position as a leading provider of tank design solutions for LNG carriers. Eastern Pacific Shipping is committed to reducing its carbon footprint through the use of cleaner fuels and more efficient vessels. The two new LNGCs will play a crucial role in meeting the growing demand for natural gas worldwide.
GTT's expertise in cryogenic tank design has been widely recognized, with many of its solutions adopted by major shipping companies. The company continues to invest in research and development to stay ahead of the curve in the rapidly evolving LNG market. With this order, GTT is poised to capitalize on the increasing demand for sustainable energy solutions.
This order from Jiangnan Shipyard marks a significant milestone for GTT's growth in the LNG market, demonstrating the company's expertise in cryogenic tank design and its commitment to providing innovative solutions for sustainable energy. As the global shift towards cleaner fuels continues, companies like GTT are well-positioned to capitalize on this trend.
