Subsea Industries

What Subsea Industries does

Subsea Industries NV is a Belgian manufacturer of specialized, non-toxic marine coating systems headquartered in Antwerp (Haven 29, 2030 Antwerp; VAT BE0426 301 241). Founded in 1983 by Boud Van Rompay, the company develops and sells a proprietary family of glass platelet reinforced composite coatings (vinyl ester-based, free of copper, zinc, heavy metals, and biocides) sold under the brands Ecospeed (general hull, launched 2002), Ecoshield (rudder and running gear, 2013), Ecolock (offshore assets, 2014), Ecofix (repair filler, 2016), Ecospeed Ice (ice-class vessels, 2021), and Ecolast (UV-resistant for splash/tidal zones). Customers include commercial shipowners, shipyards, offshore energy operators (FPSO, FLNG, FSRU), ice-going vessel operators, polar research fleets, and running gear OEMs, with named users including British Antarctic Survey, Eckerö Line, Seaspan, Pleiades Shipping Agents, Group Ocean, EXMAR, Sea Launch Odyssey, and ZF Marine Krimpen.

The technical platform is rooted in glass platelet reinforced composite chemistry that forms an impermeable barrier at 500-2000 micrometers dry film thickness, certified to NORSOK M-501, DNV highest effective protection level, and Lloyds PC6/PC7 abrasion standards. Revenue is generated primarily through one-time coating product sales with multi-year custom contracts and quote-based pricing (not publicly disclosed), supplemented by technical consulting and independent paint inspection services. Products are typically applied at newbuild or during drydocking and are warranted for 10-20 years, producing an inherently long replacement-cycle, installed-base-driven revenue model.

Subsea Industries distributes through direct enterprise sales from offices in Belgium, the Netherlands, the United States (Clearwater, FL), and Spain, and through an exclusive agent network across 20+ countries including Canada, Chile, China, Croatia, Finland, France, Greece, India, Italy, Nigeria, Norway, South Korea, the Philippines, Poland, Singapore, Taiwan, and Turkey. The company shares its Antwerp headquarters with sister company Hydrex, an underwater repair and maintenance firm founded by the same founder, with Hydrex utilizing Subsea Industries coatings in its operations. No external funding rounds, parent companies, or institutional shareholders are disclosed; the company operates as a privately held, founder-controlled firm.

Name

Subsea Industries

Legal name

Subsea Industries NV

Website

https://subind.net

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Subsea Industries NV manufactures proprietary non-toxic, glass platelet reinforced marine coating systems (Ecospeed, Ecoshield, Ecolock, Ecospeed Ice, Ecofix, Ecolast) for ship hulls, rudders, and offshore assets. Founded in 1983 in Antwerp, Belgium, the company sells globally through four direct offices and a 20+ country exclusive agent network.

Ownership category

akta.pro rank

Product category

Marine Protective Coatings

NAICS

Paint, Coating, and Adhesive Manufacturing (3255), Paint and Coating Manufacturing (325510), Ship Building and Repairing (336611)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Marine & Offshore Coatings (IMAEAGAD)

akta.pro secondary industries

Surface Preparation, Coatings & Corrosion Control (Blasting, Painting, Anti-fouling) (IMAJAFAF), Marine Coatings, Blasting & Corrosion Control (Hull, Tanks, Cathodic Protection) (TLAHAMAG), Coatings, Corrosion Protection & Anti-Fouling Systems (IMAJAKAJ), Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ), Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE)

Keywords

• Marine protective coatings
• Hull coating systems
• Antifouling coatings
• Offshore vessel coatings
• Rudder and propeller protection

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Marine Coating Products: Subsea Industries generates revenue through the sale of its proprietary coating systems including Ecospeed, Ecospeed Ice, Ecoshield, Ecofix, Ecolock, and Ecolast. These are sold directly to shipowners, shipyards, and through their global agent network. Products are applied at newbuild or during drydocking.
2. Technical Consulting and Support: The company provides technical consultation regarding marine coating needs and offers support for coating applications, including independent paint inspectors who ensure proper application.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Subsea Industries manufactures and sells proprietary glass platelet reinforced composite marine coating systems (Ecospeed, Ecospeed Ice, Ecoshield, Ecofix, Ecolock, Ecolast) for non-toxic, long-term protection of ship hulls, rudders, running gear, and offshore structures. Coatings are applied at newbuild or during drydocking and supported by technical consultation and inspector services. The company sells direct to shipowners, shipyards, and offshore operators via headquarters and regional offices in Belgium, the Netherlands, the USA, and Spain, with an exclusive agent network in 20+ countries.

Product overview

Subsea Industries offers a family of marine coating systems for permanent underwater hull protection and performance. The product portfolio includes Ecospeed (general hull protection), Ecospeed Ice (ice-going vessels), Ecoshield (rudder and running gear), Ecofix (repair filler), Ecolock (offshore assets), and Ecolast (UV protection). All coatings are non-toxic, glass platelet reinforced composites that provide service-life protection without replacement. The company also provides underwater cleaning equipment through its sister company Hydrex.

Differentiator

Problem solved

Functional benefit

Brands

• Ecospeed: Hull coating system providing long-lasting, non-toxic protection for all ship hulls. Glass platelet reinforced composite coating that is impermeable, long-lasting, inert and non-toxic.
• Ecospeed Ice
• Ecoshield
• Ecofix
• Ecolock
• Ecolast

Products and services

• Ecospeed Glass platelet reinforced composite hull coating system providing long-lasting, non-toxic protection for all ship hulls. Applied in two coats of 500μm dry film thickness to steel, aluminum, or GRP hulls at newbuild or drydock; keeps hull smooth and free of fouling for service life through routine underwater cleaning.
• Ecospeed Ice Class-certified ice abrasion-resistant hull coating for icebreakers and ice-going vessels, reinforced with high content of large aspect ratio glass platelets. Designed to last the life of the vessel with no replacement requirement and qualifies ships for reduced scantlings.
• Ecoshield Thick vinyl ester base with very high concentration of glass platelets forming an impenetrable barrier to resist corrosion, cavitation, and galvanic corrosion. Applied at 1000μm DFT (up to 2000μm) for permanent protection of rudders, Kort nozzles, thruster tunnels, stabilizer fins, and bulbous bows.
• Ecofix Vinyl ester filler for restoring pitted and corroded underwater metal surfaces; uses the same basic resin as Ecoshield, allowing coating to be applied one hour after filler application and replacing hot work in many rudder and running gear repairs.
• Ecolock Extremely tough and durable offshore hull coating pre-qualified under NORSOK standard M-501 Rev. 5. Designed to remain in excellent condition for 15–25 years without drydocking and to be cleaned underwater as needed to meet UWILD and weight requirements for FPSOs, FSOs, FLNGs, and drill ships.
• Ecolast UV-resistant vinyl ester coating that preserves color while offering corrosion and abrasion protection in splash and tidal zones. Designed for offshore wind turbine foundations and structures semi-submerged in seawater.

Quantifiable outcome

• Up to 8% fuel consumption reduction with smooth hull maintenance
• +6 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• HydrexcoreStrategic or Co-development Partner · 1 January 1983Hydrex is the sister company of Subsea Industries, sharing headquarters in Antwerp, Belgium. Both companies were founded by Boud Van Rompay. While Subsea Industries focuses on coating systems, Hydrex provides underwater repair and maintenance services. The companies work together, with Hydrex using Subsea Industries coatings in their operations.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Jotun: Norwegian marine coatings major and the global market leader in hull coatings (SeaQuantum, SeaForce). Directly competes with Subsea Industries across commercial shipping and offshore hull protection, with far greater R&D and shipyard-integration resources.
• Kansai Paint: Japanese coatings manufacturer with marine product lines serving commercial shipping and offshore customers, competing with Subsea Industries' hull and offshore coatings portfolio.
• Nippon Paint Marine Coatings: Asian-headquartered marine coatings player offering antifouling, foul-release and corrosion-protection systems targeted at the same shipowner segments as Subsea Industries' hull and running-gear coatings.
• AkzoNobel (International Paint): Owner of the International Paint marine brand (Intercept, Intersleek biocide-free coatings) and a dominant shipyard supplier globally; competes with Subsea Industries on newbuild specifications and drydock retrofit coatings.
• Hempel: Danish marine and protective coatings manufacturer selling biocide-free silicone fouling-release systems (Hempasil, Oceanic+) that compete head-to-head with Ecospeed on hull performance and fuel-saving claims.
• Chugoku Marine Paints: Japanese marine coatings specialist active across Asia-Pacific shipyards with antifouling and anticorrosion product lines that overlap directly with Ecospeed and Ecoshield in commercial and offshore segments.

Broad incumbents

• Wärtsilä: Large marine services and equipment group with broad exposure to ship operators and offshore assets. While not a coating manufacturer, it competes for life-cycle service and retrofit wallet share on the same fleet customers Subsea Industries serves.
• PPG Industries: Large diversified coatings company with marine exposure through the Amercoat and SIGMA lines. Serves shipyards and offshore assets with a broader portfolio than Subsea Industries, providing scale and contracting advantages.

Emerging players

• Teknos: Finnish industrial and marine coatings manufacturer with anticorrosion product lines used in shipyards and offshore structures, positioned as a smaller specialty alternative to the larger marine majors and overlapping with Subsea Industries in industrial marine protection.
• Cathelco: UK-based supplier of impressed current cathodic protection (ICCP) and hull corrosion monitoring systems. It is an adjacent technology addressing the same hull preservation problem Subsea Industries targets through coatings, frequently specified alongside coating systems.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Subsea Industries