GTT, COSCO Shipping LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO Shipping Heavy Industry Co., LTD. (CHI), have signed a strategic cooperation agreement. This is the first agreement with CSLNG, which specializes in LNG transportation project investment, shipbuilding and management. GTT and CHI, a large-scale heavy industry enterprise, including shipbuilding, offshore engineering and construction, which operates 9 shipyards, had previously signed a cooperation agreement in January 2018 regarding newbuilding, maintenance and retrofits of LNG carriers and LNG-fueled ships, which was renewed in May 2020.
The three parties have agreed to carry out an in-depth partnership in the fields of LNG Carriers (LNGCs), Ultra Large ethane carriers (ULECs), Very Large Ethane Carriers (VLECs), Floating Liquefied Natural Gas (FLNGs), as well as LNG and ammonia as fuel solutions for Very Large Crude Carriers (VLCCs). Additionally, this agreement aims to foster closer collaboration between their technical divisions to promote the application of GTT’s membrane technology in the above fields. It also highlights a shared effort to innovate, to develop new project and to promote educational training for young talents in the LNG sector.
Adnan Ezzarhouni, General Manager of GTT China, added: “We are proud to start this strategic cooperation with CSLNG and CHI. This partnership not only reinforces the trust between ship-owners, shipyards and GTT but also paves the way for delivering innovating and efficient solutions to meet the evolving requirements of the energy industry.”
Qin Jiong, Vice General Manager of COSCO SHIPPING Energy Transportation Co., Ltd, Chairman of COSCO Shipping LNG Investment (Shanghai) Co., LTD., said: “We are pleased to partner with GTT in the development of multi-gas vessels. By leveraging the respective strength of CSLNG, CHI and GTT, we aim to create cutting-edge products and services that deliver maximum value to all our stakeholders.”
Sun Yingshui, Deputy General Manager of COSCO SHIPPING Heavy Industries Co., Ltd., said: “Our partnership is set to drive a range of ambitious projects from innovation to education, taking a new step in advancing our industry. With an established supply chain, highly-skilled on-site teams, increasingly mature training programs for GTT technologies in China, we are fully confident in our ability to continue delivering high-quality vessels to our customers.”
Source: GTT
