LNG

Norwegian shipping firm Knutsen seeks to defend its position in the LNG carrier market as activity heats up, with its charter backlog surpassing $15 billion across 68 operating vessels.

March 22 (LNGJ) - GTT, the French maritime LNG storage technology company, said it received an order from Hyundai Heavy Industries to equip a new LNG carrier with its Mark III Flex containment system. The Hyundai's shipyard based in Ulsan, South Korea, will build the vessel of 180,000 cubic metres capacity on behalf of Norwegian shipping company Norspan LNG (Knutsen). Delivery is scheduled in 2019. “Knutsen is a long-standing owner of LNG carriers equipped with membrane technology. With 10 vessels of this type, Knutsen is renewing its confidence in GTT technology by choosing Mark III Flex for this new vessel,” GTT said.