An investigation by the Korea Fair Trade Commission (KFTC) has found that some of GTT’s commercial practices related to LNG carrier construction broke competition regulations over the past four years.
The agency has fined the French membrane-type containment system designer €9.5m ($11.3m).
The commission has asked that GTT allow South Korean shipyards which request it to perform all or part of the technical assistance services that are currently included in GTT’s technology licence.
