The vessel will be constructed at SHI’s shipyard in Goeje island, South Korea, for a European ship owner, and is scheduled for delivery in 2019.

Philippe Berterottière, the Chairman and CEO of GTT, said: “This new order reinforces the partnership of excellence between GTT and Korea […] It also offers SHI the opportunity to master a very promising new technology.”

SHI will apply Mark V technology to the vessel, which will offer excellent thermal efficiency and reduce the guaranteed daily boil-off rate to 0.07% of the tank volume.