DNV GL, GTT, Hyundai Heavy Industries and GasLog won CWC LNG Technological Innovation Award 2015 for their LNGreen project

DNV GL, GTT, Hyundai Heavy Industries and GasLog won the prestigious CWC LNG Technological Innovation Award 2015 for the LNGreen joint industry project, which has developed a state-of-the-art next-generation LNG carrier. The award was handed over at the CWC Sixteenth World LNG Summit & Awards Gala Dinner in Rome.

OSLO, 4-12-2015 — /EuropaWire/ — The jury said: “One of the key issues for successful project development is to minimize costs across the value chain by achieving collaboration between partners, increased efficiency and carbon reduction. The LNGreen project embodies all of these values.”

DNV GL’s business director for gas carriers, Johan-Petter Tutturen, was on hand to accept the award: “This is a tremendous acknowledgment of the work carried out by the business consortium. Hard work and long hours has paid off and I am proud to have such committed and competent people around me,” he said.

The LNGreen joint industry project sets out to develop tomorrow’s LNG carrier today, by using the latest technology within the bounds of existing shipbuilding methods. The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, as well as an improved boil-off rate and cargo capacity. The vessel design is approximately eight per cent more energy efficient and has increased its cargo volume capacity by five per cent.

Total efficiency was determined through an integrated systems approach, using DNV GL COSSMOS to assess the machinery systems under realistic operating conditions based on data provided by GasLog. HHI and DNV GL carried out the hydrodynamic performance evaluation by comparing CFD simulations. Cargo containment optimization was investigated by GTT and HHI.

Read more about LNGreen here.

About DNV GL
Driven by its purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. Operating in more than 100 countries, the company’s 16,000 professionals are dedicated to helping their customers in the maritime, oil & gas, energy and other industries to make the world safer, smarter and greener.

About GTT
GTT (Gaztransport & Technigaz) is the world leader in cryogenic membrane containment systems used for the transport and the storage of LNG. For over 50 years, GTT has offered its customers technologies which allow them to optimize storage space and reduce the construction and operational costs of ships or tanks equipped with these systems. GTT operates in several sectors: LNGCs (Liquefied Natural Gas Carriers) and VLECs (Very Large Ethane Carriers), Multi-gas carriers, FLNGs (Floating Liquefied Natural Gas units), FSRUs (Floating Storage and Regasification units), onshore storage tanks and the use of LNG as a fuel. GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is included in SBF 120 and MSCI Small Cap indices.

About HHI
Hyundai Heavy Industries, Co. Ltd., the world’s biggest shipbuilder and a leading integrated heavy industry company, is building a global network in the heavy industries arena that includes businesses in shipbuilding, offshore and engineering, industrial plant and engineering, engine and machinery, electro electric systems, construction equipment, and green energy. As the world’s leading shipyard since the 1980s, HHI can deliver about 80 ships or 7 million GT annually from ten dry docks. HHI has become the first shipbuilder in the world to reach 100 million GT in ship production in March 2012 and to deliver its 2,000th ship in May 2015. HHI has been playing a leading role in developing new ship designs, advancing shipbuilding technology, and enhancing ship performance.

About GasLog
GasLog is an international owner, operator and manager of LNG carriers, providing support to international energy companies as part of their LNG logistics chain. GasLog’s owned fleet consists of 19 two wholly owned LNG carriers, including eleven ships on the water and eight ships to be delivered. GasLog Partners LP, a master limited partnership formed by GasLog, owns a further eight LNG carriers. Through the wholly owned subsidiary, GasLog LNG Services operates 22 LNG carriers, which include owned ships as well as three ships owned or leased by BG Group, and one additional LNG carrier in which GasLog has a 25 per cent

SOURCE: DNV GL AS

Contact:

• Eva Halvorsen Communications Manager Norway, DNV GL – Maritime

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Bart Lavent, Exmar (third from left), presented the award to (from left to right) Theodore Katemidis, GasLog, Johan-Petter Tutturen, DNV GL, and Philippe Berterottiére, GTT.