French LNG containment specialist GTT secured an order to equip a new carrier for GasLog with its Mark V technology.
The order was announced back in October 2016 by South Korean shipbuilding giant Samsung Heavy Industries that will build the LNG carrier at its shipyard in Geoje.
The new GTT’s Mark V technology is confirmed as the technology to equip the new LNG carrier ordered by the Monaco-based shipowner Gaslog, GTT said in a statement on Wednesday adding that this is the first order for the company’s Mark V technology.
The Mark V technology “significantly reduces the guaranteed daily boil-off rate of LNG to 0.07% of the tank volume per day, thus generating important savings for the charterer,” GTT said in the statement.
GasLog’s new LNG tanker is expected to be delivered in 2019.