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Exmar News

27 Feb 2024

New Fuel Supply System Set to Ease Ammonia Adoption by Shipping Industry

(Credit: Wärtsilä Gas Solutions)

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has introduced a new ammonia fuel supply system (AFSS) for ships able to operate with ammonia fuel.The system is available for both liquid and gaseous fuel, enabling the use of ammonia as a marine fuel, according to Wärtsilä.In line with shipping’s transition to decarbonized fuels, ammonia is widely seen as one of the most promising new fuel candidates. It offers a huge reduction in CO2 emissions, almost zero sulphur oxide (SOx) emissions…

08 Feb 2024

Wärtsilä Books Ammonia Fuel System Order for Two Exmar Gas Carriers

3D rendering of the Exmar LPG’s ammonia dual-fuel mid-size gas carrier (Credit: Exmar)

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will deliver the fuel supply system for Exmar’s two new medium size gas carriers that will operate with ammonia fuel.The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner Danish shipowner Exmar LPG, a joint venture between Exmar, a multi-disciplinary maritime and offshore solutions provider, and Seapeak, one of the largest independent owner-operators of liquefied natural gas vessels.These…

19 Dec 2023

Exmar Announces Leadership Change

Carl-Antoine Saverys will take over as CEO of Exmar from January 1, 2024 (Photo: Exmar)

Carl-Antoine Saverys has been named CEO of listed Belgian shipowner Exmar, the company announced Tuesday. Effective January 1, 2024, he will take over from Francis Mottrie who will stay on board as COO.After assuming various roles in the shipping industry, Carl-Antoine Saverys has held deputy roles within Exmar over the past six years, including the company’s infrastructure department and thereafter at the shipping department.Joining him at the executive top level are newly appointed CFO…

23 Oct 2023

Tango FLNG and Excalibur FSU Set to Begin Journey from Dubai to Eni's Congo LNG Project

Credit: Exmar

The sailaway ceremony for the Tango floating liquefied natural gas (FLNG) unit and Excalibur floating storage unit (FSU) was held Saturday to mark the vessels' sail away from Dubai to Congo, where they will serve Eni's Congo LNG project, whose first phase will start in December 2023.Tango FLNG, which has a liquefaction capacity of approximately 1 billion cubic meters per annum of gas (BCMA), will be moored 3 kilometers offshore along with the Excalibur FSU upon their arrival to Congo.EXMAR is serving as the engineering, procurement and conversion (EPC) contractor for this project, and has desi

16 Oct 2023

Exmar Orders Ammonia-Powered Midsize Gas Carriers

Image Credit: Exmar

Exmar LPG has ordered two ammonia-powered Midsize Gas Carriers (MGCs) from Hyundai Mipo Dockyard in South Korea.According to the company, a joint venture between EXMAR and Seapeak, the ships will be the first-ever oceangoing vessels to be propelled by dual-fuel ammonia engines, allowing for close to zero emissions trading when using ammonia. The engines will be delivered by Swiss marine power company WINGD, and the fuel supply system by Finland-based Wärtsilä Gas Solutions.Carl-Antoine Saverys…

20 Mar 2023

Lukoil-backed Congo Project to Start Producing LNG in December

Tango FLNG - Credit: Exmar

A senior executive at Russia's Lukoil energy company said a project in the Congo in which it is involved would begin producing liquefied natural gas (LNG) in December, Russian news agencies reported. Lukoil Vice President Ivan Romanovsky said the initiative would produce around 600,000 tonnes of LNG per year, and that Lukoil plans to boost total LNG output at the Marine XII oil and gas project in the Congo to 3 million tonnes by the end of 2025.Lukoil acquired a 25% stake in Marine XII in 2019.

05 Dec 2022

Wärtsilä’s Cargo Handling and LPG Fuel Supply Systems for Exmar Gas Carriers

©Wärtsilä

Wärtsilä will deliver its cargo handling and LPG fuel supply systems for two LPG/Midsize gas carrier vessels being built at Hyundai Mipo Dockyard in South Korea for EXMAR LPG.EXMAR LPG is a joint venture between EXMAR, a maritime and offshore solutions provider and Seapeak. According to Wärtsilä, the 46,000 m3 capacity vessels will be the largest of their kind in the world, and there is an option for two additional ships as well. Wärtsilä recently supplied a similar scope of solutions…

12 Sep 2022

GTT Develops Balast Water-Free LNG Feeder & Bunker Vessel Concept

Credit: GTT

French firm GTT has developed a versatile LNG feeder & bunker vessel concept for worldwide operation without the use of ballast water.Every day, many ships carry on board a considerable quantity of seawater as ballast over the oceans. Technically, this is needed in empty or partially loaded conditions, in order to maintain seaworthiness, reach sufficient draft for propeller immersion, and avoid excessive bow slamming.Such ballasting requires investment for the onboard systems and leads to substantial operating costs.

12 Sep 2022

Exmar Pens LNG Carrier Deal with Eni. Closes Tango FLNG Sale

Belgian shipowner Exmar said on Friday it had signed a 10-year charter deal for the liquefied natural gas (LNG) vessel Excalibur with Eni as the Belgian shipowner closes the sale of its Tango LNG barge to the Italian energy group.The squeeze on oil and gas imports from Russia, following what Moscow calls "a special military operation" in Ukraine, has left Western powers scrambling to plug the energy gap, pushing them to expand LNG capacity.Exmar, which had been struggling to find a user to charter one of its giant LNG ships, said in August it had agreed to sell its Tango LNG floating liquefaction facility to Italy's Eni for 572 million to 694 million dollars.The group said in an earnings report that it had recently signed an agreement to acquire 100% of Excalibur…

05 Aug 2022

Eni Buys Exmar's Tango FLNG for Use in the Congo

(Photo: Exmar)

Italian oil major Eni announced it has signed a deal to to buy the Tango FLNG floating liquefaction plant from Belgium-based Exmar for use in the Republic of Congo. Under the agreement, Eni will acquire Exmar's company Export LNG Ltd, which owns the Tango FLNG.Tango FLNG, delivered in 2017, has a storage capacity of 16,100 cubic meters of liquefied natural gas (LNG) and a liquefaction capacity of up to 0.6 million tons per year.The value of the transaction is in a range of $572 and $694 million, depending on the unit's performance during the first six months on site, Exmar said.

29 Apr 2022

Belgium's Exmar Loss Deepens as it Seeks LNG Ship Charterer

S188  - Credit; Exmar (File Image)

Belgian shipowner Exmar reported a wider loss in the first quarter of 2022 as it continued to seek a user to charter one of its giant liquefied natural gas (LNG) ships.Exmar, which offers maritime and offshore services, reported a consolidated loss after tax of $7.7 million in the first three months, against a loss of $2.2 million a year earlier.Earnings were hit by two of Exmar's mammoth floating storage and regasification units (FSRU) being out of use during the quarter, but…

22 Oct 2021

Exmar, Lattice Working on 40,500 m3 CO2 Carrier

Credit: Exmar

Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier."With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply, one of the promising fast-track solutions to cover both opportunities Carbon Capture Utilization and Storage (CCUS). To achieve sustainable CCUS projects, there will be a need to transport CO₂ in an economical way and on a very large scale…

29 Jul 2021

Belgian Shipowner, Canadian Fertilizer Firm Set to Build Ammonia-fueled Ship

Credit: Zerbor/AdobeStock

Belgium-based shipowner Exmar is partnering up with a Canadian fertilizer company to build jointly develop and build a low-carbon, ammonia-fueled vessel which they aim to deploy as early as 2025."Partners for over three decades in transporting ammonia globally, Nutrien is one of the world’s largest producers of low-carbon ammonia and is a leading player and innovator in the transportation of liquefied gas products," Exmar said."Nutrien and EXMAR support the decarbonization of shipping and the International Maritime Organization’s (IMO) Green House Gas (GHG) Strategy to reduce emissions.

01 Jul 2021

Dual-fuel LPG Carrier Delivered to Exmar

(Photo: Exmar)

Belgium based shipping company Exmar has taken delivery of the newly built dual-fuel liquefied petroleum gas (LPG) carrier Flanders Innovation from Jiangnan Shipyard in China.The 88,000-cubic-meter-capacity very large gas carrier (VLGC) is the first of two ordered by Exmar and is said to be the largest dual-fuel LPG carrier in the world.The innovative vessel, capable of running on LPG fuel, is is expected to slash operational emissions by 38% compared to the International Maritime Organization (IMO) reference lines for VLGCs…

10 Mar 2021

LR Approval in Principle for Exmar Ammonia-fueled Gas Carrier

(Photo: Exmar)

Classification society Lloyd’s Register (LR) said it has awarded an approval in principle (AIP) to Belgium-based shipping company Exmar for its ammonia (NH3) fueled 40,000-cubic-meter-capacity midsize gas carrier (MGC). China's Jiangnan Shipyard was responsible for the ship design while Wärtsilä Gas Solutions provided all input for the ammonia fuel gas supply system.LR said the Novel Technology Evaluation included an overall examination of fundamental aspects of the design and…

04 Feb 2021

Poor Bridge Resource Management Led to Gas Carrier Allision -NTSB

A liquefied petroleum gas (LPG) carrier struck a Washington State wharf in 2019 because the pilot approached with excessive speed and at too steep an angle, resulting from poor bridge resource management by the Puget Sound pilot and the ship’s bridge team, the National Transportation Safety Board said Thursday.The 741.5-foot partially loaded tanker Levant struck the Petrogas Ferndale Wharf in Puget Sound, near Ferndale, Wash., on December 15, 2019, causing more than $6.75 million in damage to the wharf and $1.5 million in damage to the vessel. The wharf’s south mooring dolphin, and the catwalk connecting it to the wharf, were destroyed and the Levant’s forward ballast tank was penetrated and flooded.

28 Jan 2021

$2.6 Million Awarded to Advance US Offshore Wind Innovation

© chrisrt / Adobe Stock

The National Offshore Wind Research and Development Consortium (NOWRDC)has made available $2.6 million for a group of projects aiming to advance technological innovation that will drive down costs of offshore wind development in the U.S.The Consortium, established by the New York State Energy Research and Development Authority (NYSERDA) and U.S. Department of Energy (DOE) in 2018, this week announced Round One awards in the Offshore Wind Solicitation 1.0 for offshore wind technology…

20 Oct 2020

Exmar, YPF Settle Dispute, Terminate Tango FLNG Charter

Tango FLNG - File Photo: Exmar

Belgium-based shipowner Exmar has settled a dispute over the charter of the Tango FLNG with Argentinian energy firm YPF, that will see the FLNG charter terminated in exchange for a settlement fee.To remind, YPF in June sent a force majeure notice to Exmar, saying it was not able to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic. Exmar at the time said the notice was unlawful, adding it was considering the best option to defend its interest.On Monday, Exmar said it had reached a settlement agreement with YPF S.A.

26 Jun 2020

Exmar Slams 'Unlawful' Tango FLNG Force Majeure by YPF

Tango FLNG in Argentina - (File Photo - Exmar)

Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.According to Exmar, YPF claims that effects of the coronavirus pandemic both worldwide and in Argentina have hindered YPF's ability to perform its obligations under the Tango FLNG agreements. This includes but is not limited YPF's ability to pay the invoices due for services performed for the period starting the second half of March 2020.

17 Apr 2020

New Leadership at Exmar After Chairman Bodson Dies from COVID-19

Baron Philippe Bodson (Photo: Exmar)

Belgian shipping and offshore company Exmar outlined its leadership succession plan following the April 4 death of board chairman Baron Philippe Bodson due to the novel coronavirus.Nicolas  Saverys,  previously  CEO  of  Exmar,  will  take  up  the  position  of  executive  chairman  of  the  board  of directors, and Francis Mottrie, deputy CEO of the Exmar Group, as been appointed as CEO.Bodson, 75, had been a member of Exmar's board of directors for 18 years, and served as chairman for 15.

26 Jan 2020

Exmar Secures FLNG, VLGC Financing

Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The documentation for the release of the restricted cash has been signed and the effective release will occur within the coming days.In the meantime the TANGO FLNG has exported its second cargo for YPF in December 2019 and the third cargo is being produced.Exmar has two Very Large Gas Carriers under construction at Jiangnan, due for delivery in the course of 2021.The two vessels will each enter a five…

24 Nov 2019

Belgium Players Join Forces Hydrogen Transportation

The climate target to reduce CO2 emissions in Belgium by 80% by 2050 compared to 2005 levels is a major challenge. Hydrogen has an important role to play in the mix of solutions to achieve results.That is why Deme, Engie, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge and WaterstofNet are joining forces. A joint study serves as a basis to coordinate delivery of concrete projects that shape the production, transport and storage of hydrogen.In a hydrogen economy, hydrogen is an important carrier for renewable energy to be used for electricity and heat production, for mobility, for fuel production and as a raw material for industrial production.Crucial in the viability of a hydrogen economy is the generation of sufficient renewable electricity for the production of hydrogen.

08 Nov 2019

First Commercial Cargo Loaded from Tango FLNG

FLNG Tango (File photo: Exmar)

Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply flooding the spot market which has depressed Asian spot prices to their lowest in a decade for this time of the year.The state-owned firm issued a tender which closed on Nov. 6 to sell 2.1 trillion British thermal unit (Tbtu) of LNG for loading from FLNG Tango, the liquefaction vessel off Bahia Blanca…