Despite legal dispute, GTT continues to pile up LNGC tank orders

摘要

Despite an ongoing battle with the Korea Fair Trade Commission over a ruling that could force it to relinquish some of its intellectual property, French cryogenic tank designer GTT continues to gain orders from South Korean shipyards.In late December, right in the middle of a flurry of legal activity over the commission's decision, GTT booked a plum contract from Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for tanks to be installed in four LNG carriers.A few days later - on 6 January 2021 - the Seoul High Court granted GTT's motion to suspend the effect of the commissions decision announced last November. The commission promptly appealed and, in late January, the Supreme Court of Korea was reviewing the case.