ROYCEO

Membrane-Type Containment to Dominate the Market

The membrane-type segment held the largest market share owing to its higher carrying capacity and other advantages. This containment segment is expected to dominate the global market throughout the forecast period.

Gaztransport and Technigaz (GTT) designed the most common membrane tank systems. Several GTT systems have already been implemented onboard LNG carriers for many years, and other designs from different companies have been developed.

Moreover, in December 2022, Samsung Heavy Industries (Shi) awarded Gaztransport & Technigaz (GTT) two contracts for the tank design of seven new LNG carrier vessels. The contracts were awarded on behalf of both a European and an American shipowner. Each LNG vessel will be 174,000m3 in size. The vessels are expected to be delivered in the first and fourth quarters of 2026 and 2027.

By 2021, 518 units of the active fleet had a GTT membrane-type containment system which accounted for 81% of the current fleet count. It continued to lead the order book as the preferred containment option.

Due to technological advancements, membrane-type containment has a superior capacity to bear the immense pressure of LNG and its compact shape to carry large LNG volumes compared to moss-type containment.