GTT: share price outperforms after two new orders
At around 11:30 a.m., GTT shares gained 1.6%, while the SBF 120 was up 0.1% at the same time.
Over the past 12 months, the GTT share price has risen by 23%, while the SBF has fallen slightly by 1.8%.
The Paris-based group announced last night that it had been chosen by Korean shipyards
Hyundai Samho Heavy Industries and Hyundai Heavy Industries respectively to design the tanks for a new LNG carrier, and the tanks for two new large-capacity tankers.
The LNG carrier will have a total cargo capacity of 174,000 m3, and will incorporate the MarkIII Flex membrane containment system developed by GTT.
Intended for the European shipowner TMS Cardiff, delivery is scheduled for the first quarter of 2026.
The two ethane tankers will incorporate the MarkIII membrane containment system developed by GTT, with a cargo capacity of 98,000 m3 each.
Destined for the Japanese shipowner Iino Lines, delivery is scheduled for the fourth quarter of 2025.
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