FLEX Acquires LNG Assets from EXMAR
Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd. Belgian liquefied natural gas (LNG) carrier owner and operator Exmar and Geveran will pool their LNG assets and infrastructure under Flex LNG, in exchange for new shares in Flex LNG. Following the transaction, Exmar have a stake of 64.6 percent in Flex LNG, while Gerevan sits at 30.7 percent of the shares. The trade is however conditional upon the approval of both governments and third parties.
Exmar, Golar Mull Possible LNG Merger
Exmar, the tanker division of Belgian shipping company CMB is reportedly in talks with Norway's Golar LNG to merge their liquified natural gas activities. It was reported that Exmar director Nicolas Saverys said the new LNG company would have assets worth $500 million. "We are in detailed negotiations with (John) Frederiksen (Golar LNG's shipping magnate owner) about bringing our LNG activities into a new joint venture," Saverys was quoted as saying. While no details were given on the shares of the ownership of the new company, he said he hoped the merger would be completed in the next two weeks and lead to a listing of the new company on a U.S. stock exchange.
Exmar, Excelerate Alliance for FLSO Solution
Exmar announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions. Exmar has formalized a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a provider of natural gas processing and liquefaction technology. “This partnership forms a basis for the development of the first floating liquefaction, storage and offloading solution in the world" said Nicolas Saverys, Chief Executive Officer of Exmar NV. The FLSO combines the liquefaction process, storage tanks, loading systems, and other LNG-related infrastructure into a single floating unit. Exmar is a diversified and independent shipping group serving the international gas and oil industry…
Barge-mounted Natural Gas Liquefaction
EDF Trading with EXMAR intend to seek small-scale LNG export opportunities in North America using barge-mounted natural gas liquefaction. The mobile gas liquefaction plants are developed by EXMAR, Wison and Black&Veatch. The aim would be to bring mobile, self-contained liquefaction units to LNG import terminals in the US using existing pipeline, tank and jetty infrastructure to enable LNG export. EDF Trading and EXMAR have secured the support of the Wison Group for the provision of turn-key EPCIC services for the construction and commissioning of barge-mounted liquefaction plants. These plants will make use of Black&Veatch’s proven PRICO® single mixed refrigerant liquefaction technology but no commercial terms of the arrangements were disclosed.
Pacific Rubiales and Gazprom Sign on EXMAR FLNG Project
EXMAR announced two keystone events in its Caribbean FLNG project. On November 5, Pacific Rubiales Energy Corp. (PRE) and Gazprom Marketing & Trade Ltd. (GM&T) announced the execution of a heads of agreement with respect to a five year sale and purchase agreement covering approximately 500,000 tons per year of liquefied natural gas (LNG) FOB Colombia (Caribbean Sea) commencing commercial operations in the second quarter of 2015. This LNG cargo will be produced in, and loaded from, EXMAR’s Caribbean FLNG barge. Last week, Wison Offshore & Marine Ltd.
Port of Antwerp Gets Practical About LNG Bunkering
The Port of Antwerp Port Authority has appointed ship owning company EXMAR as its strategic partner in a plan to provide LNG bunkering in the port. Through their strategic alliance, the Port Authority and EXMAR want to facilitate the use of LNG as ship fuel, and to that end both partners plan to start with the actual construction of a LNG bunkership early 2014. Mr. Eddy Bruyninckx, CEO of the port of Antwerp, said: “The Port Authority wishes to not only encourage but also to facilitate the use of LNG as ship fuel because of the associated environmental- and sustainable benefits. The Port Authority therefore wants to ensure that ships calling the port of Antwerp are able to bunker LNG as ship fuel as from 2015.
EXMAR Commits to LPG with New Charters
EXMAR LPG has been awarded Statoil ASA’s time charter requirement for two environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe. Both performing vessels are part of EXMAR LPG’s existing orderbook and are being built at Hanjin Subic Bay. The duration of each Time-Charter is for a period of minimum five years up to maximum 10 years basis delivery within 2016. EXMAR LPG has further extended with Potash Corporation of Saskatchewan the time charters of Libramont (38…
EXMAR Orders Second FLNG from Wison
EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC) of the FLNG, which will be a self-contained barge with a liquefaction capacity of 0.6 MTPA and 20,000 m³ of LNG storage. The FLNG will be constructed at Wison’s shipyard in Nantong, China, where also the construction of the world’s first FLNG for EXMAR is nearing completion. EXMAR also secured additional firm options for two more FLNGs. Building on EXMAR’s nearshore barge-based FLNG concept…
ICBC Finances EXMAR for FLNG project
EXMAR stated that on June 23rd 2015 under the witness of King Philippe of Belgium and President Xi Jinping, Mr. Jiang Jianqing, Chairman of Board of ICBC and Mr. Nicolas Saverys, CEO of EXMAR, signed the financing agreement for the world’s first floating LNG unit (FLNG – Floating Liquefaction and Storage Unit). ICBC will provide financing to EXMAR for the FLNG project in a total amount of USD 200,000,000. up to now, and also the highest technology project. It is known that Belgium is China’s 5th biggest trading partner in the European Union…
Swan, EXMAR Partner for India’s First FSRU Terminal
EXMAR has entered into a binding Term Sheet with Swan Energy Limited for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India. The Jafrabad LNG Port will be a 5 million tons per annum (MTPA) LNG receiving terminal, with one jetty-moored Floating, Storage and Regasification Unit (FSRU). The two partners have the firm intention to expand the terminal to 10 MTPA, through the deployment of a second FSRU. Swan secured all necessary permitting for the project and the concession agreement is ready for execution.
Excelerate Buys EXMAR’s Share in Four FSRUs
Excelerate Energy has acquired the full 50 percent shares held by EXMAR in four companies, Excelerate NV, Explorer NV, Express NV and Excelsior BVBA, each owners of the respective Floating Storage and Regasification Units (FSRU) registered under the same names, and all four of which are under a long-term time charter to Excelerate Energy. The sale of the first three companies has been completed, while the sale of EXMAR’s shares in the fourth company, Excelsior BVBA, remains subject to approval by JV partner Teekay LNG and company lenders. George B.
Shipbuilding First: Wison Delivers Barge-based FSRU
A shipbuilding first was recorded with Exmar took delivery of the world's first barge-based FSRU and secures long-term employment for the unit. Final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China. The unit has a re-gasification capacity of up to 600MMSCFD and a storage capacity of 26,000 m³ of LNG. This delivery is a milestone in EXMAR’s history as this FSRU is the first of the new generation of floating regasification assets…
Contract Awarded for First FLRSU
Wison Offshore & Marine Announces Award for construction of World’s First Floating LNG Liquefaction Unit. Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful award of a contract by the Exmar group for engineering, procurement, construction, installation and commissioning (EPCIC) of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU). The facility will be used by Exmar under a Build, Own, and Operate contract with Pacific Rubiales Energy Corporation, and located on the Caribbean coast offshore Colombia.
S. Korea Eyes Cruise Building Market
Han Jong-chan assembles the massive blocks used to build ships at one of South Korea's huge and successful shipbuilding yards and has never been happier. Han has worked Daewoo Shipbuilding & Marine Engineering's famed shipyard on remote Koje island here for 18 of his 38 years, recently on night shifts as hefty orders force workers to man giant cranes and welding shops around the clock. Despite a troubled past, a looming dispute with the European Union over subsidies and growing competition from China, the future is looking rosy -- particularly with Korean yards eyeing the potentially lucrative market for cruise ships. The port of Okpo is synonymous with the Daewoo Group and the efforts of its now disgraced founder…
Livanos Becomes Euronav Chairman
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors. Saverys said, “I am pleased to step down after one of the busiest times the company had in its history and give the chairmanship to Peter for a period that promises to be very exciting, as the expected tanker shipping markets recovery seems in sight. Peter G.
Capesize Rate Jump Driven By Japanese Steel Market
Increased Japanese steel production has driven Booming Capesize rates more than the August market raid by Belgium's Bocimar when it chartered about 35 ships, shipping sources said. Capesize spot rates have doubled over the last three months, with the market now looking for $15-16,000 for a Pacific round trip, compared with about $7,500 in August, brokers said. Atlantic rates have also soared, although partly due to the grounding of the 274,326-dwt ore carrier Weser Ore at Tubarao in Brazil last week. "The whole market has moved on the back of Japanese steel activity," said one shipping broker. "Bocimar has done very well and will be very happy with what it has achieved," the broker said.
Malgrain Named Executive VP of Bourbon
At a meeting on November 4, Bourbon’s board of directors appointed Nicolas Malgrain as executive vice president effective December 1, 2014. He will be in charge of the group’s strategy, finance and administration. Malgrain, nominated on the proposal of the chief executive officer Christian Lefevre, will succeed Laurent Renard, who will retire effective December 31, 2014, on the executive committee. The group's executive committee now includes Christian Lefevre, Chief Executive Officer…
Tissot Appointed VP & CFO, Bureau Veritas
Bureau Veritas announces the appointment of Nicolas Tissot as Executive Vice-President and Chief Financial Officer. He replaces Sami Badarani, who has decided to leave the company to pursue new professional opportunities. Nicolas Tissot has solid management and finance experience gained in key roles within international groups. Before joining Bureau Veritas, he was Chief Operating Officer (COO) and Executive Committee member of SCOR. He previously held various roles, including finance director positions at Alstom and ENGIE (GDF Suez).
Massive Pumping Station Transported
Norway’s Royal Transport was recently assigned the task of moving a 420 t pumping station in Bergen. For this, the company used two self propelled platform trailers: one second-generation (G2) MHD SPE and a first-generation (G1) MHD SP from NICOLAS. For this assignment, Royal Transport rented a MHD G1 SP to combine the vehicle with the company´s own MHD G2 SPE. “The idea was to combine an electronically with a mechanically-steered vehicle in a loose coupling mode. This is unusual, but functioned perfectly with vehicles from NICOLAS following a careful planning process.
Bocimar and Zodiac Maritime Reportedly Near Alliance
Bulk shipping giants Bocimar and Zodiac Maritime are close to forming an alliance that would control nearly a third of the world Capesize market, according to London broking sources. Shipping sources said that although the rumors had been circulating the broking community for months, London shipbrokers had recently returned from a social event in Belgium, where Bocimar is headquartered, full of talk of an agreement. A source close to Zodiac's London office confirmed that talks were in progress. "We've been talking to them since January, but as yet there's nothing concrete," he said. Zodiac, part of Israeli group Ofer Brothers, declined to comment, as did Bocimar, which is part of Belgium's CMB Group.
Hamburg Süd: Double christening in South Korea
On Thursday, 23 May 2013, Hamburg Süd celebrated the double christening of its container ships Cap San Nicolas and Cap San Marco at the Hyundai Heavy Industries yard in Ulsan (South Korea). With a nominal slot capacity of 9,600 TEU, the two newbuildings are Hamburg Süd’s largest-ever vessels and, with 2,100 reefer plugs, the ships with the largest reefer capacity worldwide at present. The sponsor of the Cap San Nicolas is Narcisa Oetker, wife of Ferdinand Oetker, Partner in Dr. August Oetker KG and Director of Bankhaus Lampe. The Cap San Marco was christened by Doris Deichmann, wife of Fred Deichmann, Managing Director of Hamburg Süd subsidiary Columbus Shipmanagement GmbH. The container ships are the first of a series of six newbuildings of the new Cap San class.
Hapag-Lloyd CFO Ganz Steps Down
Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s Supervisory Board. The Supervisory Board has given its approval. The change on the Executive Board comes following an agreement between shareholders stipulating that CSAV, as the new largest shareholder in Hapag-Lloyd, has the right to nominate an individual of its choice to assume the position of CFO.
Parana River Obstructed by Grounded Vessel
The navigation channel at km 287 of the Parana River is obstructed after a bulk vessel went aground on the right margin during the early hours of 13 May during her navigation to San Nicolas. The Coast Guard has allowed navigation for vessels with max draft of 7.40m only through the secondary channel. (For information about operations in Argentina, and elsewhere in the Americas, contact the GAC Houston Hub Agency Center at firstname.lastname@example.org) Source: AMI Argentina - GAC agent