GTT Receives Order from HD Hyundai Heavy Industries for the Design of 12 Large LNG-Fuelled Container Ships
Paris, 20 February 2025 – GTT, a leading designer and builder of membrane containment systems for the maritime sector, is proud to announce that it has received an order from its Korean partner, HD Hyundai Heavy Industries, to design the cryogenic fuel tanks for 12 new LNG-fuelled container vessels. This order comes during the first quarter of 2025, on behalf of a European shipowner.
Background
GTT has been at the forefront of the maritime industry’s transition towards cleaner energy sources, with a particular focus on LNG as a fuel. This latest order is a testament to the company’s expertise and its ability to meet the growing demand for LNG-fuelled vessels. HD Hyundai Heavy Industries, a prominent shipbuilder, will construct the 12 large container ships, each equipped with LNG tanks with a capacity of 12,750 m³.
Impact on the Industry
The maritime industry is under increasing pressure to reduce its carbon footprint. The use of LNG as a fuel offers a significant reduction in greenhouse gas emissions compared to traditional bunker fuels. This order from HD Hyundai Heavy Industries and GTT represents a step forward in the industry’s transition towards cleaner energy sources. It is expected that the 12 new LNG-fuelled container vessels will reduce carbon emissions by approximately 1.5 million tonnes per year.
Impact on Consumers
The shift towards LNG as a fuel in the maritime industry will have a positive impact on consumers in several ways. First, it will lead to a reduction in air pollution, resulting in cleaner air for ports and the communities surrounding them. Second, it will contribute to a reduction in greenhouse gas emissions, helping to mitigate the effects of climate change. Lastly, it will support the growth of the global LNG market, leading to increased competition and potentially lower prices for LNG as a fuel.
Global Perspective
The shift towards LNG as a fuel in the maritime industry is not just limited to Europe and Asia. According to the International Energy Agency (IEA), the number of LNG-fuelled ships is expected to increase from 150 in 2020 to 1,250 by 2030. This trend is being driven by both regulatory requirements and the desire to reduce greenhouse gas emissions. The order from HD Hyundai Heavy Industries and GTT is a significant step in this direction and is expected to have a ripple effect on the global maritime industry.
Conclusion
GTT’s receipt of an order from HD Hyundai Heavy Industries to design the cryogenic fuel tanks for 12 new LNG-fuelled container vessels marks an important milestone in the maritime industry’s transition towards cleaner energy sources. This order represents a significant investment in the future of the industry and will contribute to a reduction in greenhouse gas emissions. The use of LNG as a fuel is expected to have a positive impact on consumers, with cleaner air and potentially lower prices for LNG. The trend towards LNG as a fuel in the maritime industry is not limited to Europe and Asia, with the number of LNG-fuelled ships expected to increase significantly in the coming years.
- GTT receives order from HD Hyundai Heavy Industries to design LNG tanks for 12 new container ships
- HD Hyundai Heavy Industries to construct vessels, each with LNG tanks of 12,750 m³ capacity
- Order comes as part of European shipowner’s commitment to reducing greenhouse gas emissions
- Maritime industry under pressure to reduce carbon footprint
- LNG as fuel offers significant reduction in greenhouse gas emissions compared to traditional bunker fuels
- Number of LNG-fuelled ships expected to increase from 150 in 2020 to 1,250 by 2030
- Positive impact on consumers with cleaner air and potentially lower prices for LNG
