LNG

Exmar, the listed Belgian shipping company with a fleet of more than 40 gas carriers and floating LNG terminal expertise and assets, has named Carl-Antoine Saverys as the new Chief Executive from January and current CEO Francis Mottrie will become Chief Operating Officer to help guide the new team and be on the board.

Belgian shipping company Exmar reported improved annual results amid key floating liquefied natural gas charter and sales deals for its LNG barges that left the Antwerp-based operator free of net debts.

Belgian shipping company Exmar reported modest earnings though expects company finances to improve after a charter deal for its LNG storage and regasification unit (FSRU) barge to be the new Dutch LNG import terminal at the port of Eemshaven.

Belgian shipping company Exmar, owner of the “Tango FLNG” barge last deployed in Argentina, said it was actively pursuing various employment opportunities and had also had a settlement in the dispute with commodities firm Gunvor over a newbuild regasification vessel.

Belgian shipping company Exmar, owner of the “Tango FLNG” barge last deployed in Argentina and now up for re-charter, said it was getting its finances back on track after payments from Argentine energy company YPS and financing deals for other parts of its fleet.

April 17 (LNGJ) - Exmar, the Belgian shipping and projects company with more than 40 vessels in its fleet and now mostly focused on the liquefied petroleum gas business and LNG shipping management, has appointed a new Chairman and Chief Executive after the incumbent Chairman, Baron Philippe Bodson, aged 75 and a Belgian national, died from the Covid-19 virus.

   “On the 4th of April our Chairman of the Board, Baron Philippe Bodson, sadly passed away after his fight against Covid-19,” said Exmar in a statement. “Subsequently the Exmar Board convened,” it added. Exmar said Nicolas Saverys, previously CEO, would take up the position of Executive Chairman as the successor to Baron Bodson and Francis Mottrie, Deputy CEO, is appointed CEO.

   Exmar’s best-known LNG vessel is the “Tango FLNG” barge chartered to Argentina and deployed at the port of Bahia Blanca to produce LNG from pipeline feed-gas from the onshore Vaca Muerta Shale Basin.

Exmar, the Belgian shipping company with more than 40 vessels in its fleet now mostly focused on the liquefied petroleum gas business, has made executive changes as it tries to improve finances amid the success of the floating LNG production vessel, “Tango FLNG”.