The Spanish Company Gabadi S.L. and Chinese partner AojiHeng Offshore Engineering (AJH) have inaugurated their Joint Venture (JV) “Gabadi Marine Engineering (Shanghai) Co., Ltd”, today in Pudong, Shanghai.
GABADI is the first membrane tank outfitter licensed by GTT. Gabadi has a rich experience in procurement and installation of both GTT NO and Mark type membrane systems. Gabadi is keen to enter into the Chinese market and contribute to the development of the LNG retail shipping and the gas fueled ships with Chinese shipyards.
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.
Representatives from various companies in the LNG industry attended the opening ceremony, including the technology Licensor, GTT China. Adnan Ezzarhouni, General Manager of GTT China, said: “There is a clear market demand in China for the construction of GTT membrane tanks. GTT is pleased to see Gabadi investing in China in order to support the market demand and offer a one-stop-shop solution for the shipyards”.
Gabadi is a Spanish Company with more than 25 years of experience in “Outfitting”. It is specialized in Membrane tanks erection, being the first company which is not a shipyard to have the License of GTT, to execute this type of project. It counts with subsidiaries and branch offices over 10 countries and with expertise in technology transfer, having established Joint Ventures in various countries, such as Australia, Canada, Singapore, and now China. Gabadi has been awarded several prizes for its internationalization and safety system. Gabadi allocates over 5% of its budged to Research and Development.
About AojiHeng Offshore
AJH (Shanghai Aojiheng Offshore Engineering Technology Service Co.,Ltd) is an engineering and outfitting technology service company in China, experienced in shipbuilding technology. AJH supports various ship-owners and Chinese shipyards. Focused on LNG industry many years ago, AJH has already been awarded Approval in Principle by Bureau Veritas (BV) for the design of the LNG FGSS (Fuel Gas Supply System) using Membrane tank.
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). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, shipowners, gas companies, terminal operators, classification societies). The company designs and provides technologies which combine operational efficiency and safety, to equip LNG carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.
GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120 and MSCI Small Cap indices. For more information, visit www.gtt.fr