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.
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
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.
