April 03, 2015

Landmark Capital has signed a strategic cooperation agreement with China Classification Society (CCS) with the principal goal of further developing the applications of the LNT A-BOX® in China.

Landmark Capital and CCS will work together to bring the full LNT A-BOX® product line to the market. The design concepts include: LNG and Ethane carriers in the medium size to large scale segment, LNG bunker vessels and space efficient LNG fuel tanks, as well as small and mid-size of FLNG and FSRU concepts. Both parties will also study the small sized LNG vessels operated in Chinese rivers and also possible conversion from bulk carries into LNG ships based on LNT A-BOX® technologies.

LNG New Technologies (LNT), an affiliate of Landmark Capital, has developed a patented cost-efficient design, LNT A-BOX®. The system features an IMO independent tank type A as the primary barrier and a truly independent full secondary barrier. These two barriers are separated by an accessible inter-barrier space to allow for easy inspection and maintenance. The containment system’s self-supporting tanks have an internal structure which mitigates sloshing, and as a result does not have any partial loading restrictions. The secondary barrier system is provided by the marine insulation expert MGI Thermo, which has been heavily involved in the development.

While the advantages listed above lend themselves well to shipping and bunkering, the LNT A-BOX®‘s prismatic design yields both higher hull utilization than type C tanks and a flat

topside ideal for FLNGs and FSRUs.

In January of 2015, Landmark Capital ordered a liquefied natural gas carrier with a 45,000 cubic meter cargo capacity, with an option for one more at Xiamen Shipbuilding industries, China. The first vessel, LNT45, is set to be delivered October 2017.

The mid-sized carrier will be the first ever to utilize the LNT A-BOX® containment system, licensed and designed by LNT. The vessel has been designed for worldwide trade of LNG, but with special consideration to re-loading of cargoes and local and regional trades.

The containment system’s prismatic design allows for higher hull utilization than the IMO type C tanks, making the 45,000m3 carrier comparable in size with existing 30,000m3 carriers based on type C tanks.

For more information please contact:

Jonathan Verswijver, Landmark Capital, +86 186 2171 8847, jove@lmholdings.com

Kjetil Sjølie Strand, LNG New Technologies, +47 41 45 95 43, kss@lngnewtech.com