French Firm Gets More Work with Samsung Heavy Industries for LNG Vessel Pair

Why It Matters

The deal expands GTT’s footprint in the ultra‑large LNG carrier segment and reinforces Samsung Heavy Industries’ pipeline, positioning both firms to capture rising demand for high‑capacity, low‑emission LNG transport.

Key Takeaways

• GTT awarded tank design for two 180,000 cbm LNG carriers
• Samsung Heavy Industries will build vessels for Celsius Tankers
• Vessels to use GTT’s Mark III Flex membrane system
• Delivery slated for Q2‑Q3 2028
• Follows earlier GTT‑Samsung design contract for another Asian owner

Pulse Analysis

The global LNG market is entering a new growth phase, driven by the energy transition and increasing demand for cleaner fuels in Asia and Europe. Shipowners are turning to ultra‑large carriers—typically 180,000 cubic metres or more—to achieve economies of scale and reduce per‑tonne emissions. In this environment, GTT’s containment technology has become a benchmark, offering higher cargo density and proven reliability, which makes it a preferred partner for new builds.

GTT’s Mark III Flex membrane system, selected for the Celsius Tankers order, represents the latest evolution in cryogenic containment. The flexible membrane adapts to thermal stresses, enabling thinner tank walls and greater cargo volume without compromising safety. Samsung Heavy Industries, one of the world’s leading shipyards, brings the manufacturing expertise needed to translate this design into a deliverable vessel. By aligning with Celsius Tankers, Samsung not only secures a high‑value contract but also showcases its capability to handle the most demanding LNG projects, reinforcing its competitive stance against rivals such as Daewoo Shipbuilding & Marine Engineering.

The contract signals a broader strategic shift: European technology providers like GTT are deepening ties with Asian shipbuilders to meet the surge in LNG carrier orders projected through the late 2020s. As regulators tighten emissions standards, carriers equipped with advanced membrane systems will command premium freight rates. Both GTT and Samsung stand to benefit from repeat business and potential follow‑on orders, while the industry watches for how this partnership may influence pricing dynamics and technology adoption across the LNG shipping sector.