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GTT: LNG as fuel segment orderbook at 17 units; royalty income up 12.1% on year in 9M 2020

In 9M 2020, GTT recorded total revenue of €305.6 million, up 53.1% year on year; its order book at 30 September 2020 stood at 135 units for the core business.

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GTT (Gaztransport & Technigaz), an engineering firm specialising in containment systems with cryogenic membranes used to transport and store liquefied natural gas (LNG), posted its results for the first nine months of (9M) 2020.

Its LNG as fuel segment posted an orderbook at 17 units with its royalty income up 12.1% on year to €6.5 million (USD 7.56 million) in 9M 2020. The segment noted two deliveries of a bunker vessel and the first ultra large containership for CMA CGM at September 30, 2020.

In 9M 2020, GTT recorded total revenue of €305.6 million, up 53.1% year on year; its order book at 30 September 2020 stood at 135 units for the core business (not including the LNG as fuel segment).

Revenue from new builds were €295.4 million, up 56.4%. Royalties from LNG carriers increased by 67.2% to €263.5 million, while royalties from FSRUs increased by 2.3% to €19.7 million. Other royalty income stemmed from FLNGs were €3.3 million, Gravity Base Structures at €1.9 million, and onshore storage tanks at €0.6 million.

“With a total of 38 orders booked since the start of the year for all segments taken together, GTT’s commercial activity continue to progress at a firm pace, and LNG demand is maintaining its upward trend, driven by Asia,” said Philippe Berterottière, Chairman and CEO of GTT.

“Revenues for the first 9 months of 2020 fully benefited from the flow of orders over the last two years and are sharply up. As a result, considering the strong level of our backlog and shipbuilding schedules, we confirm our revenue and EBITDA targets for the full year 2020.”

Given the size of the backlog, and assuming there are no major delays or cancellations of orders, GTT confirms its 2020 full year consolidated revenue will be between €375 and €405 million, while its 2020 consolidated EBITDA will be between €235 million and €255 million.

Related: CMA CGM welcomes world’s first LNG powered 23,000 TEU vessel in naming ceremony


Photo credit: GTT

Published: 2 November, 2020

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LNG Bunkering

Singapore: FueLNG achieves 800th LNG bunkering operation milestone

Bunker tanker “FUELNG Venosa” delivered LNG marine fuel to bulk carrier “MV Ubuntu Humanity” at Eastern Bunkering A Anchorage (AEBA) on 11 July.

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Singapore: FueLNG completes 800th LNG bunkering operation

Singapore’s licensed LNG bunker supplier FueLNG on Friday (17 July) announced the successful completion of its 800th LNG bunkering operation in the republic.

The company said bunker tanker FUELNG Venosa delivered LNG marine fuel to bulk carrier MV Ubuntu Humanity at Eastern Bunkering A Anchorage (AEBA) on 11 July. 

“This achievement is more than just a number,” FueLNG said.

“It reflects the trust our customers place in us, the dedication of our operations team, the professionalism of our marine partners, and our unwavering commitment to safe, efficient, and reliable bunker deliveries.” 

Manifold Times previously reported FueLNG completing its 500th LNG ship-to-ship (STS) bunkering operation.

Related: Singapore: FueLNG achieves milestone of 500th STS LNG bunkering operation

 

Photo credit: FueLNG
Published: 20 July, 2026

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Alternative Fuels

SEA-LNG: LNG, biomethane bunkering continue to grow despite geopolitical uncertainty

The industry coalition says LNG-fuelled vessels, LNG bunker vessels, and LNG bunkering volumes, as well as biomethane bunkering and production, all continue to grow in 2026.

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SEA-LNG: LNG, biomethane bunkering continue to grow despite geopolitical uncertainty

Industry coalition SEA-LNG on Thursday (16 July) published its 2026 Mid-Year Market Review. 

It provides a snapshot of the current market conditions facing the methane pathway, with particular focus on the growth of liquefied biomethane (LBM/bio-LNG). This report comes as SEA-LNG celebrates its tenth anniversary and gains provisional consultative status at the International Maritime Organization (IMO).

According to analysis of vessel orders from January to June 2026 from SEA-LNG member DNV, LNG dual-fuel orders remain robust at 73 vessels, accounting for almost 90% of the alternatively fuelled order book, when compared with ammonia, hydrogen and methanol. Additionally, there are now 67 LNG bunker vessels in operation, plus 42 more on order.

The LNG order book continues to be dominated by vessels serving liner trades especially container vessels and pure car and truck carriers (PCTCs). This is consistent with recent analysis by the World Shipping Council which shows that LNG remains the preferred fuel for container ship owners, accounting for 58% of total tonnage ordered versus conventional fuels at 36%.

There was also an increase in bunkering volumes and infrastructure. According to analysis by Kpler, global LNG bunker volumes were around 770,000 cubic meters (m3) per month in the period January to May 2026. This represents an increase of about 13% on the same period in 2025 as more LNG fuelled vessels have entered into operation together with favourable LNG and conventional fuel prices.

Liquefied biomethane is bunkered routinely today, and liquefied e-methane is in development. Since the introduction of regulations like FuelEU Maritime, LBM supply and demand have grown significantly. Data from the European Biogas Association show biomethane production capacity reached 8.2 bcm a year by the end of Q2 2026. This represents an additional 1 bcm in a single year, or growth of 17%. The number of operational biogas plants rose from 1,678 to 1,975 plants with €36 billion of allocated capital investment driving the sector.

Steve Esau, SEA-LNG COO, said: “Despite geopolitical and regulatory uncertainties in 2026, the industry is maintaining momentum on the methane decarbonisation pathway. This year’s mid-year review confirms that methane is the practical and realistic solution for shipping decarbonisation. 

“This is reflected in the growing numbers of LNG-fuelled vessels, LNG bunker vessels, and LNG bunkering volumes, as well as biomethane bunkering and production growth. As we look ahead, with e-methane also materialising, we are confident in the trajectory of the methane pathway to decarbonisation.”

SEA-LNG is active at the IMO and EU to underline the importance of goal-based and technology-neutral decarbonisation regulations, and ensure a global market for low and net zero fuels. As the methane pathway continues to mature, efforts have shifted from raising awareness to sharing members’ collective expertise on important technical details that will, for example, further reduce global well-to-wake emissions and scale up bio- and e-methane development and deployment.

As part of these efforts, last week SEA-LNG was granted provisional consultative status at the IMO. This status will enable SEA-LNG to engage directly with Members States as it advocates for practical and realistic regulations to help move the maritime industry forward.

Peter Keller, SEA-LNG Chairman, said: “I have been with SEA-LNG since we founded it 10 years ago, and what strikes me is how methane has ramped up from a pathway to a clear runway for shipping decarbonisation. When building the first LNG-powered containership, I didn’t imagine that within ten years over 10% of the global fleet by deadweight could be powered by methane. 

“What started as a solution to reduce harmful local emissions has cemented itself as the practical and realistic option for reducing greenhouse gas emissions today and into the future. As I look ahead, the fundamentals are strong, the orderbook is growing, the bunkering infrastructure is expanding at a record pace, and biomethane and e-methane are building on LNG’s foundation. Just as we expected.”

Note: SEA-LNG’s Methane Pathway – 2026 mid-year market review can be viewed here.

 

Photo credit: SEA-LNG
Published: 17 July, 2026

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LNG Bunkering

Baleària ferry completes first LNG bunkering operation in Las Palmas

Company made the first supply of LNG to the “Mercedes Pinto” in its usual berth, located on ramp 4 of the Nelson Mandela dock, in the Port of Las Palmas.

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Baleària ferry completes first LNG bunkering operation in Las Palmas

Spanish shipping company Baleària on Tuesday (14 July) said the first LNG bunkering operation of its ferry has completed in the Port of Las Palmas.

On Monday, the company made the first supply of LNG to the Mercedes Pinto in its usual berth, located on ramp 4 of the Nelson Mandela dock, in the Port of Las Palmas, removing the need to change to another berth for the operation. 

“The operation carried out normally, after the review of all safety protocols by the Fire Department and the Autoridad Portuaria de Las Palmas,” it said in a social media post. 

 

Photo credit: Baleària
Published: 16 July, 2026

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