GTT announced that it received an order from Samsung Heavy Industries shipyard in the first quarter of 2026 for the tank design of two new Very Large Ethane Carriers (VLECs) on behalf of an Asian ship-owner. Each vessel will offer a capacity of 100,000 m³ and will feature cryogenic tanks designed by GTT, fitted with the Mark III membrane containment system.
This order is significant as it demonstrates the growing demand for VLECs in the ethane market, which is expected to continue driven by increasing energy production and consumption in Asia. The design of these vessels will play a crucial role in meeting this demand, providing a safe and efficient means of transporting ethane.
GTT's expertise in cryogenic tank design and its innovative membrane containment system make it an ideal partner for shipowners looking to expand their VLEC fleet. The Mark III system is known for its reliability and ability to withstand the harsh conditions found in cryogenic applications.
With this order, GTT further solidifies its position as a leading provider of cryogenic solutions for the shipping industry. The vessels are expected to be delivered between the fourth quarter of 2028 and the first quarter of 2029, marking an exciting milestone in the development of VLECs.
As the demand for ethane continues to rise, it is likely that we will see more orders for VLECs in the coming years. This order from Samsung Heavy Industries shipyard is a testament to GTT's capabilities and commitment to delivering high-quality solutions to its customers.
This order highlights the growing importance of efficient and reliable cryogenic tank designs in meeting increasing energy demands. As the industry continues to evolve, it will be interesting to see how GTT's innovative solutions contribute to the development of more sustainable energy solutions.
