French LNG containment systems specialist GTT has signed a technical assistance and license agreement (TALA) with the South Korean shipbuilder Hyundai Mipo Dockyard (HMD).
This contract is targeting the outfitting of gas carriers, in particular, small and middle scale, up to 50,000 cubic meters, 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, GTT said in its statement noting that it will also allow both partners to further expand their offer to ship owners, in particular in the LNG as fuel field.
Hyundai Mipo obtained its license after having completed a qualification process that began in April 2018, including the construction of a Mark III Flex mockup and an audit lead by GTT.
Hyundai Mipo becomes the third shipyard among the Hyundai group to be licensed by GTT.
The two other construction sites, Hyundai Heavy Industries and Hyundai Samho Heavy Industries, have been constructing LNG carriers and FSRUs with GTT membrane technologies for numerous years.