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Fri 12 Dec 2014, 16:40 GMT

Licensing agreement for use of LNG containment technology


Braemar Shipping Services subsidiary agrees deal to use NASSCO's intellectual property in the design and construction of LNG containment systems.

General Dynamics NASSCO and Braemar LNG BV - a wholly owned subsidiary of Braemar Shipping Services Plc - have signed a technology licensing agreement for Braemar to use NASSCO's intellectual property in their design and construction of flat-panel, semi-membrane, prismatic-shaped (FSP) LNG containment systems.

FSP is a new multipurpose Type B flat-panel, semi-membrane, prismatic-shaped LNG tank-containment system which uses flat plate technology and a universal joint configuration. The system is constructed, outfitted, insulated and fully tested off hull and lifted complete into a vessel while the vessel is still under construction. It is designed to avoid any issues associated with partially filled membrane-type tanks.

This off-hull fabrication is said to result in a significant reduction in vessel construction time and improve accuracy, reliability and tank-to-tank construction learning.

"We are very excited about licensing this innovative LNG containment technology to Braemar. FSP can be used in multiple LNG applications, including transportation, marine fuel tanks, bunker barges and floating offshore applications," said Kevin Graney, vice president and general manager of General Dynamics NASSCO.

FSP has previously received approval in principle (AIP) from both Lloyds Register (LR) and the American Bureau of Shipping (ABS).

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