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GTT Secures LNG Carrier Tank Design Order from Samsung Heavy Industries

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GTT Secures LNG Carrier Tank Design Order from Samsung Heavy Industries

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Gaztransport et technigaz ( (FR:GTT) ) has provided an announcement.

GTT has secured an order from Samsung Heavy Industries for the design of a tank for a new LNG carrier, scheduled for delivery in 2027. This project highlights GTT’s ongoing involvement in the LNG market and its commitment to advancing membrane containment technology, reinforcing its position as a leader in sustainable shipping solutions.

More about Gaztransport et technigaz

GTT is a technology and engineering group specializing in the design and development of cryogenic membrane containment systems for the transport and storage of liquefied gases. The company is dedicated to providing innovative solutions for LNG carriers, floating terminals, onshore storage tanks, and multi-gas carriers. GTT is also involved in the green hydrogen sector through its subsidiary, Elogen, and aims to support decarbonization in the shipping and energy industries.

YTD Price Performance: 15.01%

Average Trading Volume: 61,137

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €5.45B

For a thorough assessment of GTT stock, go to TipRanks’ Stock Analysis page.

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