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GTT wins orders for 2 174000 CBM LNG cargo hold systems
  Recently, Gaztransport & Technigaz (GTT) of France received a notice from Hyundai Heavy Industries Co., Ltd. that the company's technology was selected as the required technology for two 174000 CBM-class large LNG cargo systems.
GTT received the relevant notice in June, and the two newbuildings will use the Mark III Flex Membrane technology developed by GTT.
It is reported that the main work of related technologies is to optimize the daily BOR (boil-off rate; the proportion of natural gas that naturally evaporates during navigation). The owner of the ship concerned is GasLog, a Greek LNG shipping company listed on the New York Stock Exchange. In June, the company ordered two 174000 CBM-class LNG carriers at Hyundai Heavy Industries Co., Ltd., and the contract includes another four identical ship orders (fixed price). If it takes effect, the delivery will be arranged between the end of 2017 and the beginning of 2018, and GTT will be expected to receive relevant orders continuously.
In addition, the relevant two LNG carriers will be delivered in the second half of 2017. Currently, GasLog is working with Hyundai Heavy Industries, DNV GL and French GTT to develop a next-generation LNG ship development project, which will be completed by the end of the year.