World News
GTT Receives AIP from Lloyd's Register for LNG Bunkering Ship Design
France-based GTT (Gaztransport & Technigaz) says it has received Approval in Principle (AIP) from Lloyd's Register (LR) for its 4,000 m3 liquid natural gas (LNG) bunkering ship concept.
GTT notes that the design features the Mark III Flex Cargo Containment system and operates with a vapour pressure of up to 2 bar gauge (barg), which it says provides increased operational flexibility.
"We have demonstrated the reliability of our systems to operate beyond atmospheric pressure applications," said Philippe Berterottière, Chairman and CEO of GTT.
"I believe this new development by GTT, in response to the market requirements, will contribute positively to an efficient LNG as fuel supply chain, and therefore to the growth of LNG as marine fuel market."
GTT says it is now working on similar studies that utilise its NO 96 technology membrane technology.
In October, classification society Bureau Veritas (BV) announced it has granted an AIP for the LNG bunkering ship designed by GTT.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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