LNG

The International Union of Marine Insurance (IUMI) reported a surge in the annual global premium base with the total reaching $35.8 billion, an 8.3 percent increase on the previous year in a business with liquefied natural cargoes currently valued at around $40 million and LNG carriers, for example, worth $250M.

Saverex, a holding company owned by Nicolas Saverys, the Chairman of Belgian shipping company and LNG player Exmar, said it intended
to launch a voluntary and conditional public takeover bid for Exmar and to take the company private.