Results for tag: "LNG Carrier Containment"

The LNG carrier containment market pertains to the systems and technologies used in the transportation of liquefied natural gas by sea. LNG carriers are specialized vessels equipped with tanks designed to maintain the cargo at the extremely low temperatures needed to keep natural gas in a liquid state, typically around -162 degrees Celsius. There are various containment systems in use, including membrane-type and spherical-type tanks. The choice of containment system impacts the ship's design, construction costs, and operational efficiency. Membrane tanks conform to the shape of the ship and offer more flexibility in terms of cargo capacity, while spherical tanks, also known as Moss-type tanks, are recognized for their distinctive shape and strong track record of safety. Updated technologies and materials in containment systems have evolved to meet increasing standards for efficiency and safety. Market development is driven by the demand for energy and the versatility of LNG as a relatively cleaner fossil fuel, leading to a need for capable fleets to manage the transport from producers to consumers across the world. Prominent players in the LNG carrier containment market include South Korean shipbuilders Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering, which are known for their large construction capacities for such vessels. French company Gaztransport & Technigaz (GTT) specializes in the design of membrane containment systems, while the Norwegian group Moss Maritime is influential in the sphere-design segment. These companies operate in a competitive and technologically advanced environment, seeking to deliver solutions that balance safety, reliability, and cost-effect Show Less Read more