South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has inked a technical assistance and licence agreement with French LNG containment systems expert GTT.
The deal targets the outfitting of gas carriers, in particular small and middle scale (up to 50,000 m3) and LNG fuel tanks for merchant ships.
“This contract represents a new step forward in the development of GTT technologies in the small-capacity market. It will also allow both partners to further expand their offer to ship owners, in particular in the LNG as fuel field,” GTT said commenting on the deal.
Hyundai Mipo obtained its license having completed a qualification process that began in April, 2018, including the construction of a Mark III Flex mockup and an audit led by GTT.
Hyundai Mipo is the third shipyard among the Hyundai group to be licensed by GTT, in addition to Hyundai Heavy Industries and Hyundai Samho Heavy Industries, which have been constructing LNG carriers and floating storage regasification unit (FSRUs) with GTT membrane technologies for decades.
“We are pleased to expand our long-time partnership with Hyundai, group with whom the signature of our first TALA goes back to 27 years,” Philippe Berterottière, Chairman and CEO of GTT, said.
“We have the pleasure to now count HMD, who has just delivered its 1000th ship, among our new partners.”