London, United Kingdom, October 11, 2012 – Amarcon, a member of the ABB group, today announced it has signed an agreement with GTT (Gaztransport & Technigaz) on mutual development of forecasting and advice software system onboard LNG carriers. The deal was closed during the Gastech exhibition in London.
GTT (Gaztransport & Technigaz) is a French engineering company formed in 1994 by the merger of the two major players in the field of LNG (Liquefied Natural Gas) membrane containment systems Gaztransport and S.N.Technigaz resulting in a cumulative experience of more than 80 years. GTT specializes in designing and licensing the construction of cryogenic LNG storage tanks for the shipbuilding industry.
In the coming years, a significant growth in the long distance transport of LNG is expected. The International Energy Agency predicts that LNG trade will reach record heights, almost doubling between 2006 and 2015 to 393 billion cubic meters a year. Consequently, a considerable number of new build LNG carriers will come into the market. It is clear that the safe operation of these vessels will be imperative in order to provide safe conditions to the LNG tanks and to optimize the operational availability of the ships.
In the coming years, Amarcon and GTT will work together to develop and market tools and services that enable the operators of LNG vessels with GTT containment systems to safely operate their ships by preventing sloshing. The new system will collect data from operation processes in order to control and fine-tune the quality of the sloshing measurements and predictions. “For Amarcon, this agreement with GTT is a unique opportunity to work together with the leading designer of LNG tanks in order to provide their clients with a complete package to facilitate safe and efficient LNG transportations, ” said Leon Adegeest, General Manager of Amarcon.
Amarcon, a fully owned subsidiary of ABB, provides monitoring and forecasting software solutions for performance and availability optimization of sea-going vessels, and is the leader in vessel motion prediction solutions. ABB acquired Amarcon in august 2012 in order to strengthen its long-term growth strategy in vessel information and control systems. Amarcon and ABB offer the widest portfolio of marine advisory and optimization systems to the maritime market.