LNG

Gaztransport and Technigaz (GTT), the French LNG storage technology company for shipping and onshore, has created a new smart-shipping brand from subsidiaries based in Singapore and Iceland.

The brand merger of the units is under the name Ascenz Marorka, taking the name of the Singaporean company Ascenz and the Europe-based Marorka.

GTT acquired Marorka, a smart-shipping company based in Reykjavik with services much sought by the LNG industry, in February 2020.

Marorka was bought from its owners and management team for an undisclosed sum.

The company designs maritime energy monitoring and optimization systems for vessels allowing them to reduce their environmental footprint and also provides other benefits.

The Islandic company’s systems were at the time of its acquisition by GTT installed on more than 600 vessels.

Marorka was purchased as a good technical, commercial and geographical complement to the Far East smart-shipping unit Ascenz.

Ascenz bunkering

One of the initiatives of Ascenz was to launch in 2021 the Electronic Bunker Delivery Note (eBDN) solution to improve the efficiency and transparency of the bunkering process in the Port of Singapore.

“Ascenz Marorka’s mission is to provide ship-owners and charterers around the world with the most comprehensive, innovative and reliable solutions that meet customers’ requirements, by offering a complete range of solutions, from the sensors to the modular software platform, in addition to high-value services provided by the Group’s experts,” explained GTT.

Philippe Berterottière, Chairman and Chief Executive of GTT, said he was proud to announce the launch of the Ascenz Marorka brand as part of a comprehensive digital strategy.

“With Ascenz Marorka, our ambition is to combine the digital expertise of our Group more effectively and to provide even more value to our customers in their journey for efficiency and sustainability,” explained Berterottière.

Anouar Kiassi, Vice-President Digital and Information at GTT, said that thanks to 30 combined years of experience the Ascenz Marorka brand would provide a great service to ship owners.

“The new brand will put us in a stronger position to design and distribute superior solutions to our customers and meet the evolving requirements of the maritime industry,” Kiassi stated.

French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) has launched a tool for ship-owners, to prepare the voyages of their vessels to reduce overall fuel consumption and to manage boil-off gas in the tanks.

GTT said the new digital “smart shipping” product is called “LNG Optim”.

“For several years, GTT Group has been extending its range of services to support the maritime industry in its digital and energy transformation, with the launch of smart-shipping solutions to optimize the energy performance of ships,” said GTT.

It explained that the “LNG Optim” solution is based on GTT's expertise in studying boil-off gas management.

GTT said “LNG Optim” was developed in collaboration with the group’s subsidiaries, Ascenz, Marorka and OSE Engineering and has already been adopted by major players in the LNG shipping sector.

The firm added that the studies performed to design the product took into account the modelling of complex phenomena such as LNG ageing, the influence of sea states on boil-off gas generation, as well as the impact of active systems like reliquefaction plants and sub-coolers.

“This new technological innovation from GTT, which is the result of joint work between the different teams of the group, marks our ambition in the very promising ‘Smart Shipping’ field,” said Philippe Berterottière, Chairman and Chief Executive.

“Our digital product aims to support ship-owners, charterers and operators in the energy transition, by optimizing the operational and environmental performance of their LNG-fuelled vessels,” added the CEO.

GTT acquired one of its smart-shipping firms, Iceland-based Marorka, in February 2020 to boost its offering to the LNG sector.

GTT bought Marorka from its owners and management team for an undisclosed sum.

The company designs maritime energy monitoring and optimization systems for vessels, allowing them to reduce their environmental footprint.

Its systems were installed on more than 600 vessels when GTT bought the company.

GTT saw Marorka as a good technical, commercial and geographical complement to Ascenz, GTT’s subsidiary based in Singapore. 

Global commodities firm Trafigura and French liquefied natural gas storage technology company Gaztranzport and Technigaz (GTT) have joined forces with Japanese shipping lines to help take the bunkering business into the modern era in the Port of Singapore, the growing Asian LNG hub.

Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, has acquired Marorka, a smart-shipping company based in Iceland with services sought by the LNG industry.

Gaztransport and Technigaz (GTT), the French LNG maritime storage tank firm, has acquired a majority stake in a Singapore-based technology company to reinforce its service portfolio in the area of LNG shipping.