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GTT, Conrad Shipyard Ink Deal for LNG Barges and Bunker Tanks

Maritime Activity Reports, Inc.

January 20, 2015

GTT signs license agreement with Conrad Shipyard for membrane containment systems for LNG barges and bunker tanks
Gaztransport & Technigaz (GTT) announced that its U.S. subsidiary, GTT North America, has signed a Technical Assistance and License Agreement (TALA) with U.S. shipbuilder Conrad Shipyard for the design and construction of liquefied natural gas (LNG) barges and LNG-fueled vessel bunker tanks using GTT's membrane containment systems.
Conrad Shipyard received its approval after completing the qualification process including dedicated training of its employees by GTT and the fabrication of a membrane tank model. According to GTT, the partnership between GTT and Conrad Shipyard will enable both companies to leverage each other's expertise and experience in LNG technology and demonstrates the continued commitment of both GTT North America and Conrad Shipyard to the development of the LNG fuel market in the U.S., including small and mid-scale LNG infrastructure to support development of this nascent market. 
Philippe Berterottière, Chairman and CEO of GTT, said, "This agreement is a major landmark, not only for GTT and Conrad but also for LNG-as-a-fuel in America. It paves the way for implementing state-of-the-art containment solutions in American built vessels. With Conrad we are going to do great things."
"GTT's membrane system is first-in-class internationally," said Terry Frickey, COO of Conrad Shipyard. "We're proud to bring to our domestic customers the outstanding choice and option this partnership provides. LNG in America is quickly becoming a more viable and realistic fuel thanks to the hard work and diligence of many organizations."

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