GTT Secures Tank Design Contract for 18,700 m³ LNG Carrier
GTT Energy, the operational unit of the group dedicated to containment systems and energy management, has been selected by Hudong-Zhonghua Shipbuilding for the design of tanks for an LNG carrier intended for an Asian shipowner.
The order concerns a vessel with a total capacity of 18,700 m³, with delivery expected during the fourth quarter of 2028.
GTT Energy announced that it received in the third quarter of 2026 an order from Hudong-Zhonghua Shipbuilding for the design of tanks for a new LNG carrier.
This order is placed on behalf of an Asian shipowner. GTT will ensure the design of the cryogenic tanks of the vessel, whose total capacity will amount to 18,700 m³.
Mark III Technology Selected for Containment
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The tanks will be equipped with the Mark III membrane containment system, a technology developed by GTT.
Delivery of the vessel is scheduled for the fourth quarter of 2028.
SectorÉnergie›Services et équipements parapétroliers
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 570,1 millions d'euros
Quarterly revenue: 570,1 millions d'euros
Revenue growth: -4,9 %
Guidance from the release
the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million euros
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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.
