GTT Intros Several Advances in LNG Tech
French multinational naval engineering company Gaztransport & Technigaz (GTT) announced several advances in its technology development process.The American Bureau of Shipping classification society issued the "LNG Cargo Ready" rating to GTT for its latest VLEC (Very Large Ethane Carrier) model, a first in the ethane sector. The rating certifies that the ethane carriers can be used to transport liquefied natural gas without having to convert the ship's tanks.GTT also received approval in principle from the classification society Bureau Veritas for icebreaker vessels using Mark III
LNGC Containment Market to Reach $16Bln By 2025
LNG carrier containment market globally through the LNG exports.Latin America held the lowest share of the global market in 2018. However, the region is estimated to witness a modest CAGR in the future, owing to the growing LNG-based industries.Major players of the LNG carrier containment market are Gaztransport & Technigaz, Mitsui O.S.K Lines, Teekay LNG Partners, NYK Line, Gaslog, MISC Berhad, Dynagas LNG Partners, BW Gas, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, and Kawasaki Heavy Industries