Global Energy Ventures Ltd. announced that the American Bureau of Shipping (ABS) has issued its formal letter granting approval for construction of the CNG 200 Optimum ship as designed, subject to continued compliance with applicable ABS Rules and Guidelines. This approval of the CNG-O-200 design follows the completion in December 2018 of the extensive work program including; prototype testing of the Optimum system, review and verification of the design, review of the safety studies and a Hazard and Operability Analysis (HAZOP). GEV will continue to work with ABS throughout the final engineering and construction phases. As also announced in December, GEV has shortlisted four shipyards to negotiate technical and commercial terms, with that process already commenced. GEV plans to select two yards in first quarter 2019 and will then work with both yards to be in a position to award Contracts in 2019 in line with progress on the development of its portfolio of CNG project opportunities. GEV expects to advise shareholders in the first half of 2019 of several new CNG Project opportunities that have emerged in the latter half of 2018.