Lloyd’s Register awards AiP to GTT for innovative three cargo tank LNGC

04.12.2024

Lloyd’s Register awards AiP to GTT for innovative three cargo tank LNGC

The bold design paves the way for more sustainable LNG shipping solutions.

Lloyd’s Register has granted an Approval in Principle (AiP) for GTT’s new 200,000 m³ LNG carrier concept, featuring slow-steaming navigation and three tanks instead of the traditional four.

This innovation challenges traditional LNG carrier design norms, highlighting the importance of speed in reducing emissions and paving the way for sustainable LNG shipping solutions.

The 200k LNG carrier design offers significant environmental and economic advantages, including approximately 27% reduction in voyage-based emissions intensity and a decrease in Unit Freight Cost (UFC) by up to 5.5% by 2025 and 14% by 2050 under frameworks like EU ETS and FuelEU.

Lloyd’s Register conducted a thorough evaluation of the cargo tank design against class standards and IGC Code requirements, ensuring the integrity of the three-tank structure under increased sloshing loads. The assessment extended to various GTT containment systems – Mark III Flex, Mark III Flex+, NO96 Super+, and GTT Next1 – confirming the design meets stringent safety and performance criteria.

Panos Mitrou, Global Gas Segment Director, Lloyd’s Register said: “This new design demonstrates that by challenging conventional thinking, we can reduce emission intensity without sacrificing transport capacity. Similar to the industry’s progression from steam to 4-stroke electric propulsion, and subsequently to 2-stroke engines, this concept could represent a potential next technological leap for LNGCs.

Jean-Baptiste Choimet, CEO of GTT said: “This AiP from Lloyd’s Register is a major milestone for GTT and the LNG industry. Our three-tank design represents a significant leap forward in terms of efficiency and sustainability. By challenging conventional thinking and embracing innovation, we are paving the way for a greener future of LNG shipping.

About Lloyd’s Register

Trusted maritime advisers, partnering with clients to drive performance across the ocean economy.

Lloyd’s Register (LR) is a global professional services group specialising in marine engineering and technology. With a heritage going back more than 260 years to the establishment of the world’s first marine classification society, LR is dedicated to setting and improving standards for the safety of ships.

Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.

We also provide advice, support and solutions on fleet performance, fleet optimisation and voyage optimisation, enhancing our clients’ digital capabilities. Our digital solutions are relied upon by more than 20,000 vessels.

In the race to zero emissions, our research, technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.

Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education. 

Find out more lr.org

About GTT

GTT is a technology and engineering group with expertise in the design and development of cryogenic membrane containment systems for use in the transport and storage of liquefied gases. Over the past 60 years, the GTT Group has designed and developed, to the highest standards of excellence, some of the most innovative technologies used in LNG carriers, floating terminals, onshore storage tanks and multi-gas carriers. 

As part of its commitment to building a sustainable world, GTT develops new solutions designed to support ship-owners and energy providers in their journey towards a decarbonised future. As such, the Group offers systems designed to enable commercial vessels to use LNG as fuel, develops cutting-edge digital solutions to enhance vessels’ economic and environmental performance, and actively pursues innovation in the field of low-carbon solutions. Through its subsidiary, Elogen, which designs and manufactures proton exchange membrane (PEM) electrolysers, GTT is also actively involved in the green hydrogen sector.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in the CAC Next 20, SBF 120, Stoxx Europe 600 and MSCI Small Cap indices. 

For more information, visit www.gtt.fr

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