Leading South Korean shipbuilding groups are evaluating whether to bid either separately or together for Gaztransport & Technigaz (GTT).

Both Hyundai Heavy Industries and Daewood Shipbuilding & Marine Engineering are studying whether to make a $1bn plus offer for GTT one of the leading designers of membrane containment systems for LNG carriers.

A GTT LNG containment tank
GTT has been put up for sale by its shareholders, GDF Suez, Total and US private equity fund Hellman & Friedman.

GDF