GTT Secures Order for Four LNG Carriers from Jiangnan Shipyard
In the second quarter of 2026, GTT received an order from Jiangnan Shipyard for the design of tanks for four new LNG carriers intended for the shipowner COSCO Shipping Energy. This new assignment involves ships with a unit capacity of 175,000 m³ equipped with the Mark III Flex system.
GTT will oversee the design of the cryogenic tanks for four vessels ordered by Jiangnan Shipyard on behalf of the shipowner COSCO Shipping Energy. Each LNG carrier will have a total capacity of 175,000 m³. The tanks will be equipped with the Mark III Flex membrane containment system, developed by GTT. The Jiangnan Shipyard, located in China, is responsible for the construction of the vessels, while GTT is involved in the design and specification of the cryogenic tanks.
Deliveries Scheduled Between 2029 and 2030
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The delivery of these four vessels is scheduled between the third quarter of 2029 and the third quarter of 2030. This order comes just days after GTT was awarded a contract on June 18, 2026, for three LNG storage tanks on land in China, confirming the momentum of the French designer's portfolio in the Asian region.
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Context
Period
Period: 2025
Key reported figures
Revenue: 803.0M€
Revenue growth: 25,2%
EBITDA: 541.8M€
EBITDA margin: 67,5%
Net income: 413.6M€
Dividend per share: 8.94€
Payout ratio: 80,0%
Guidance from the release
GTT tire parti de la dynamique mondiale en faveur du gaz naturel liquéfié et affiche, en 2025, une performance financière record pour la troisième année consécutive.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
