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December 11, 2014

Braemar and GD NASSCO sign LNG containment technology licencing agreement

Braemar Shipping Services' subsidiary has signed a technology licencing agreement with General Dynamics (GD) NASSCO to use the latter's patents for the design and construction of its LNG containment systems.

Braemar Shipping Services’ subsidiary has signed a technology licencing agreement with General Dynamics (GD) NASSCO to use the latter’s patents for the design and construction of its LNG containment systems.

The licencing agreement includes the patents for the Flat-Panel, Semi-Membrane, Prismatic-Shaped (FSP) LNG containment systems.

"FSP can be used in multiple LNG applications, including transportation, marine fuel tanks, bunker barges and floating offshore applications."

This new partnership follows development work undertaken by the two companies and is expected to create a strong potential demand for Braemar.

Braemar Engineering said it is pleased to be ready to deliver a positive response to a market demand for FSP.

This new multi-purpose Type B FSP LNG tank-containment system features flat plate technology and a universal joint configuration.

General Dynamics NASSCO vice-president and general manager Kevin Graney said: "We are very excited about licencing 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."

The containment system will be constructed, outfitted, insulated and fully tested off hull and can be integrated into a vessel, even when it is still under construction.

Designed to eliminate issues related with partially filled membrane-type tanks, this off-hull fabrication approach reduces vessel construction time and enhances the accuracy, reliability and tank-to-tank construction learning.

The technology has already received Approval in Principle from both Lloyds Register (LR) and the American Bureau of Shipping (ABS), NASSCO said.

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