The ongoing movement toward adoption of Liquefied Natural Gas (LNG) as a marine fuel has prompted Spanish Company Gabadi S.L. and Chinese partner AojiHeng Offshore Engineering (AJH) to form the Joint Venture (JV) “Gabadi Marine Engineering (Shanghai) Co., Ltd”, with signing taking place in Pudong, Shanghai on June 9.
Gabadi, the first membrane tank outfitter licensed by GTT, is keen to enter into the Chinese market and contribute to the development of LNG retail shipping and the gas fueled ships with Chinese shipyards. Gabadi has experience in procurement and installation of both GTT NO and Mark type membrane systems.
AJH is a reputable Chinese outfitter already present in the shipbuilding industry. AJH is focusing on new trends in shipbuilding technologies and wants to stay at the forefront by taking a leading role in the promising LNG as fuel area.
Antonio Jose Llago Hermida, CEO of Gabadi and Chairman of the JV, said at the occasion: “Gabadi Marine Engineering will greatly enhance the competitiveness of Chinese shipyards in building gas fueled ships and small/mid-scale LNG carriers by implementing the competitive GTT LNG tank technologies in its role as an outfitter”
“We believe that outfitting is the most suitable business model for most Chinese shipyards, who wish to risk less investment as they step into the new environmentally friendly shipbuilding business” said Sam Xin, founder of AJH and Vice Chairman of Gabadi China.
GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas).