Braemar Issues Sub-Licence to Build FSP LNG Containment System

| United Kingdom, London

Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-licence to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the licence it holds with General Dynamics NASSCO to utilise its patents in the design and construction of FSP LNG containment systems.

FSP technology has been developed for marine LNG transport and can also be used in a wide range of applications, including Floating Liquefaction (FLNG), Floating Storage Units (FSU), Floating Storage Regasification Units (FSRU) and LNG marine fuel tanks.

The FSP system – a new Type B, LNG containment system – uses flat plate technology to overcome the issues associated with partial filling and sloshing.

It is designed to be constructed, outfitted, insulated and tested off-hull and lifted as a complete unit into the vessel while the vessel is still in the construction dock. This onshore construction process results in a significant reduction in vessel construction time.

FSP LNG BV is a joint venture company formed by Braemar, EnTX Tekmar, LLC and Jamestown Metal Marine Sales, Inc. The joint venture partners will, through Tank Tek, LLC and Hong Kong Tank Tek Limited, take the FSP LNG containment system through the general approval requirements of the American Bureau of Shipping (ABS) and bring it to market.

Approval in Principle was obtained from both Lloyds Register (LR) and the American Bureau of Shipping (ABS).

(Source: Braemar Shipping Services plc)

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