GTT's Order Revenue Remains Strong In The First Quarter

- Apr 19, 2018-

In the first quarter of 2018, the French LNG containment system specialist, GTT, saw a significant increase in new orders and revenues. According to the results released by GTT, the company achieved revenue of 64.2 million euros in the first quarter of 2018, an increase of 12.4 percent from the 57 million euros in the same period in 2017. glenflange


According to Philippe Berterottière, Chairman and CEO of GTT, the company’s orders in the first quarter of this year have grown significantly, with orders for 10 LNG carriers, 1 FSRU and 1 refuelling vessel, indicating that the LNG market is performing well. These new order ships are expected to be delivered between late 2019 and 2020. “The liquefaction projects under construction or to be built will also bring more demand for LNG carriers and FSRUs. We are also confident in the potential of LNG fuel.” pipe fittings


Berterottière also emphasized that from the perspective of funding, revenue in the first quarter was in line with company expectations and achieved its annual growth target. On January 1, 2018, GTT’s handheld orders included 89 devices. At present, the company has already delivered 17 LNG carriers while it is taking orders. As of March 31, the company's hand-held orders for 83 sets of equipment, including 65 LNG carriers, 13 FSRU, 2 FLNG, 2 shore-based storage and a barge. welding overlay