GTT Forges Alliance with Eastern Pacific Shipping & Coolco
By Strategic Research Institute on May 29, 2023 08:00 am
GTT, in an unprecedented development, has announced the signing of a momentous Technical Services Agreement (TSA) with the eminent shipping and maritime conglomerate Eastern Pacific Shipping (EPS) and its esteemed Liquefied Natural Gas (LNG) subsidiary, CoolCo. Under this remarkable accord, GTT shall extend its unwavering support to EPS and CoolCo in maintaining and operating a vast global fleet comprising 33 vessels, which includes CoolCo's fleet of 24 LNG carriers, six colossal Very Large Ethane Carriers, and EPS's fleet of three LNG-powered container ships. These pioneering vessels are equipped with GTT's cutting-edge Mark III or NO96 membrane containment systems, exemplifying the pinnacle of GTT's technological advancements.
The comprehensive TSA entails GTT's provision of on-site technical assistance encompassing meticulous inspections, maintenance, repairs, operational guidance, and unparalleled engineering services. In addition, EPS and CoolCo shall be bestowed with the invaluable privilege of availing themselves of GTT's illustrious HEARS® emergency hotline, which renders seamless access to GTT's team of experts, available round the clock, to effectively address and resolve any operational predicaments that may arise.
Philippe Berterottière, the erudite Chairman and CEO of GTT, expressed his gratification, stating, "We wholeheartedly welcome the consummation of this momentous agreement with our esteemed partners, EPS and CoolCo, who navigate an expansive fleet of vessels, resplendent with GTT's avant-garde technologies. Our bespoke support services, meticulously tailored to align with the bespoke needs of our esteemed clientele, bear testament to our unwavering commitment to guarantee optimal efficiency and resolute safety for the vessels that traverse the seas. This newfound alliance fortifies the longstanding symbiotic relationship that GTT shares with EPS and CoolCo."
Richard Tyrrell, the sagacious CEO of CoolCo, expressed his reverence, proclaiming, "GTT's remarkable containment system finds its rightful place in all our LNG carriers, making GTT an indispensable collaborator for CoolCo. We eagerly anticipate the continued partnership with GTT, further expanding the horizons of our fruitful collaboration."
Cyril Ducau, the visionary CEO of Eastern Pacific Shipping, expressed his delight, asserting, "Eastern Pacific Shipping is delighted to embark on this groundbreaking agreement, further cementing our synergistic partnership with GTT. EPS, fueled by its unwavering commitment to innovation and foresight, seeks alliances with forward-thinking visionaries like GTT, as we relentlessly strive to spearhead the energy transition and pave the way for decarbonization. GTT's cutting-edge technology shall play a pivotal role as EPS rejuvenates its fleet with eco-friendly tonnage, while simultaneously navigating the world towards cleaner energy solutions."