EXMAR SHIPMANAGEMENT NV
EXMAR Shipmanagement NV provides technical ship management and crewing for a fleet of approximately 40 LPG and ammonia carriers, 2 FSRUs, and offshore assets, serving global energy majors, gas traders, and infrastructure operators across four continents.
- Company typePublic
- Founded1980
- HeadquartersAntwerp, Belgium
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What EXMAR SHIPMANAGEMENT NV does
EXMAR Shipmanagement NV is a Belgian maritime company operating as part of the publicly listed EXMAR Group (Euronext Brussels: EXM). Founded in 1980 (EXMAR NV incorporated 2003 following demerger from CMB) and headquartered in Antwerp, the company provides technical ship management, crewing, and operational services for a fleet of approximately 40 LPG and ammonia carriers, 2 FSRUs, 1 offshore vessel, and 4 tankers. It serves global energy majors, national oil companies, gas traders, and hydrogen/ammonia infrastructure developers across EMEA, the Americas, Asia-Pacific, and Africa through 11+ regional offices.
The company's core competencies span four integrated segments: Shipping (LPG, LNG, ammonia, and chemical gas transport via Midsize Gas Carriers and VLGCs, including the world's first oceangoing ammonia dual-fuel vessel ANTWERPEN delivered June 2026); Floating Infrastructure (FSRU charters, FLNG ownership/leasing such as TANGO FLNG and EEMSHAVEN LNG); Ship Management (24/7 technical and crewing services, including the AEX LNG JV with Anglo-Eastern); and Offshore Engineering through EXMAR Offshore Company (EOC) in Houston, which designs the patented OPTI® semi-submersible hull series now in its fifth deployment. The company co-developed the EnergyBridge™ at-sea regasification system with Excelerate Energy, performed the first full LNG STS transfer at sea (Scapa Flow, 2007), and pioneered barge-based FLNG/FSRU technology.
EXMAR generates revenue through long-term and spot vessel time charters, floating infrastructure leasing (FSRU, FLNG, FSU), technical and crew management services, and offshore engineering contracts. Pricing is contract-based and not publicly disclosed. Marquee customers include Equinor, YPF, Eni, bp, Gasunie (EemsEnergyTerminal), Cedar LNG, Regasificadora Del Pacifico (Colombia), Total, and LLOG Exploration. The company is ISO 9001 certified (since 1998) and is led by the Saverys family, with Carl-Antoine Saverys serving as CEO since January 2024.
EXMAR SHIPMANAGEMENT NV firmographics
Firmographics- Name
- EXMAR SHIPMANAGEMENT NV
- Legal name
- EXMAR NV
- Website
- https://exmar.com
- Company type
- Public
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- EXMAR Shipmanagement NV provides technical ship management and crewing for a fleet of approximately 40 LPG and ammonia carriers, 2 FSRUs, and offshore assets, serving global energy majors, gas traders, and infrastructure operators across four continents.
- Ownership category
- akta.pro rank
EXMAR SHIPMANAGEMENT NV industry classification
Industry- Product category
- Maritime Gas Transportation and Floating LNG Infrastructure Services
- NAICS
- Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)
- SIC
- Water Transportation (4400), Oil & Gas Field Machinery & Equipment (3533), Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)
- akta.pro secondary industries
- Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Offshore Vessel Life Extension, Major Conversion & Rebuild (EPC/Integration) (IMAJACAJ)
Keywords
Where EXMAR SHIPMANAGEMENT NV is headquartered
LocationHeadquarters
- HQ city
- Antwerp
- HQ country
- Belgium
- HQ region
- Europe
Offices11 records
Markets served
EXMAR SHIPMANAGEMENT NV business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Vessel Time/Charter Contracts: Long-term and spot charters of LPG/ammonia carriers, LNG carriers, and offshore vessels to energy majors, gas traders, and industrial customers. Fleet of 40 LPG/ammonia carriers and LNG vessels operated under time charters.
- Floating Infrastructure Leasing and Ownership: FSRU and FLNG asset ownership with leasing to customers. FSRU S188 chartered to Gasunie for 5 years. TANGO FLNG sold to Eni. EEMSHAVEN LNG operating under charter. FSU deployment contracts (e.g., Colombia, Cedar LNG).
- Technical and Crew Ship Management: Tailor-made technical and crewing services for specialized floating assets, combining maritime and offshore know-how. Services include maintenance, procurement, dry-dock coordination, and emergency response.
- Offshore Engineering and Design Services: EXMAR Offshore Company (EOC) provides comprehensive engineering, design, and project services from early concept through detailed design, including hull design (OPTI®), structural engineering, topsides design, mechanical and electrical engineering, and mooring design. Awarded hull-design and engineering contract for bp's Kaskida development.
- FLNG Marine Operations and Maintenance: Marine and operational expertise for floating liquefaction units, as demonstrated by the Cedar LNG contract for FLNG marine operations and maintenance services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
EXMAR SHIPMANAGEMENT NV product offering
Product offeringCore offering
EXMAR Shipmanagement NV provides third-party technical ship management, crew management, and offshore engineering services for a global fleet of mid-size gas carriers (LPG, LNG, ammonia) and floating LNG/regasification assets (FSRUs, FLNGs). It operates as the operational and engineering hub of the EXMAR Group, delivering end-to-end vessel management, marine operations, and project engineering for energy-sector customers.
Product overview
EXMAR is a provider of floating solutions for the operation, transportation and transformation of gas. The company operates across multiple segments: Shipping (LPG/NH3 and LNG transportation using Midsize Gas Carriers and VLGCs), Infrastructure (FSRU, FLNG, offshore production systems), Ship Management (technical and crewing services), and Supporting Services. EXMAR owns a fleet of approximately 40 LPG/ammonia carriers and various floating LNG and offshore infrastructure solutions. The product portfolio includes proprietary OPTI Series semi-submersible hull designs, the world's first ammonia dual-fuel oceangoing vessels (ANTWERPEN class), and innovative floating infrastructure for the global energy sector.
Differentiator
Problem solved
Functional benefit
Products and services
- LPG (Liquefied Petroleum Gas) shipping services Time-charter and contract-based ocean transportation of liquefied petroleum gas (propane/butane) using a fleet of specialized, pressurized and refrigerated midsize gas carriers for global energy majors, traders, and petrochemical companies.
- LNG (Liquefied Natural Gas) shipping services Transportation of liquefied natural gas on midsize LNG carriers, available under time charter and contract of affreightment for international LNG buyers, sellers, and traders.
- Ammonia transportation services Specialized ocean transportation of ammonia (including low-/zero-carbon ammonia for fertilizer and emerging hydrogen-carrier markets) using dedicated gas carriers.
- FSRU (Floating Storage Regasification Unit) services Provision of FSRUs on multi-year charter and lease to national utilities and energy companies, enabling floating storage and regasification of LNG where onshore terminals are unavailable or uneconomic.
- FLNG (Floating LNG) liquefaction services Floating liquefaction units and offshore engineering services that monetize stranded gas fields by producing LNG at sea, sold under long-term charter/lease to upstream operators and national oil companies.
- Third-party technical ship management Comprehensive technical management of gas carriers including planned maintenance, dry-docking, safety management, regulatory compliance, and performance optimization for shipowners and charterers.
- Crew management services Recruitment, training, rotation, and payroll management of qualified seafaring officers and ratings for EXMAR-managed gas carriers and FSRU/FLNG units.
- Offshore engineering and project services Engineering, conversion supervision, and project execution services for floating LNG infrastructure, gas carrier newbuildings, and offshore energy projects.
Quantifiable outcome
- Up to 90% lower CO2 emissions during navigation when operating on ammonia fuel
- +3 more outcomes
Companies that use EXMAR SHIPMANAGEMENT NV
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles2 records
EXMAR SHIPMANAGEMENT NV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
EXMAR SHIPMANAGEMENT NV partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and minor.
- bpcoreEXMAR Offshore Company (EOC) awarded contract to design and engineer the hull for bp's Kaskida floating production facility in the US Gulf of Mexico using EXMAR's proprietary OPTI® hull design.
- Seapeak (through EXMAR LPG BV JV)coreEXMAR and Seapeak, through their JV EXMAR LPG BV, are proceeding with ammonia as fuel for two Midsize Gas Carriers constructed at Hyundai Mipo Dockyard. These vessels represent the first oceangoing ships to be powered by dual-fuel ammonia engines. Additional options for two more vessels have been lifted.
- Hyundai Mipo DockyardcoreOrder of two 46,000 m3 Midsize Gas Carriers with dual fuel engines capable of running on both LPG and conventional marine fuels, as part of EXMAR's fleet renewal program. Additional orders for ammonia-fueled vessels and further dual-fuel newbuilds followed.
- EnicoreAgreement signed with Eni for the sale of TANGO FLNG floating liquefaction unit. TANGO FLNG (formerly Caribbean FLNG) has a storage capacity of 16,100 m3 LNG and liquefaction capacity of up to 0.6 million tons per year. Sale completed in 2022.
- HD Hyundai Mipo (now HD Hyundai Heavy Industries)coreJoint Development Project (JDP) launched in 2022 to develop world's first ammonia-fueled oceangoing vessels. Partners included HD Hyundai Mipo, WinGD, Nord Gas Solutions (formerly Wärtsilä Gas Solutions), and Lloyd's Register. The 46,000 m3 MGCs ANTWERPEN and ARLON were built at HD Hyundai yard in South Korea.
- Gasuniecore5-year charter of FSRU S188 for employment as floating LNG import terminal at Eemshaven, Groningen, Netherlands. Gasunie subsidiary EemsEnergyTerminal is the customer. EXMAR also advancing conversion works for FSRU extension at EemsEnergyTerminal.
- LATTICE TechnologyminorEXMAR and LATTICE Technology signed a joint agreement to develop a new type of CO2-carrier, combining EXMAR's expertise in gas carrier design, ownership and operation with LATTICE Technology's innovative tank designs.
- Hydrogen Coalition (Belgium)minorCooperation between DEME, ENGIE, EXMAR, Fluxys, Port of Antwerp, Port of Zeebrugge, and WaterstofNet to study hydrogen transport as part of Belgium's path to carbon neutrality by 2050. EXMAR's role focuses on maritime transport of hydrogen.
- Anglo-Eastern Univan GroupcoreEXMAR Ship Management and Anglo-Eastern Univan Group formed a joint venture, AEX LNG Management, dedicated to newbuilding supervision and vessel management of LNG carriers for third-party owners. The JV combines over 70 years of combined industry experience in ship management and LNG ship management.
- YPFcore10-year agreement with YPF to deploy TANGO FLNG at Bahia Blanca, Argentina to produce and export 500,000 tons of LNG per year from the Vaca Muerta basin. TANGO FLNG fully commissioned and accepted by YPF in June 2019.
- Douglas Channel LNG Consortium (EDF Trading, AltaGas)minorConsortium assumed control of Douglas Channel LNG project in British Columbia. EXMAR responsible for development of the floating liquefaction facility. FID expected at end of 2014.
- Teekay LNG PartnerscoreEXMAR and Teekay entered into a joint ownership agreement combining their midsize LPG fleet with firm orders for new midsize gas carriers, effectively creating a jointly-owned midsize LPG fleet of one VLGC and 15 midsize vessels including four firm newbuilds under construction at Hyundai Mipo.
- Black & Veatch CorporationcoreEXMAR entered an alliance with Black & Veatch of the United States to co-develop a floating liquefaction unit (FLNG), contributing to the world's first barge-based FLNG (Caribbean FLNG / TANGO FLNG) developed in collaboration with Wison Offshore and Marine.
- Excelerate EnergycoreEXMAR entered a strategic alliance with Excelerate Energy of the United States to co-develop LNG vessels capable of regasification at sea. The collaboration developed the EnergyBridge system and produced the world's first floating regasification vessel (EXCELSIOR, 2005) and subsequently the world's first barge-based FSRU. EXMAR and Excelerate also performed the 500th commercial LNG STS transfer.
- Regasificadora Del Pacifico S.A.S. (RDP)coreContracts for deployment of a floating storage unit (FSU) for LNG import at Buenaventura, Colombia. EXMAR also received confirmation of successful closing of financing documents for the Buenaventura project.
- Cedar LNG Partners LPcoreEXMAR selected by Cedar LNG to provide marine and operational expertise for the FLNG floating liquefaction unit, including marine operations and maintenance services.
- WinGDcorePartner in the Joint Development Project for ammonia dual-fuel MGCs. WinGD developed the two-stroke ammonia-fueled engine technology. Achieved world-first Type Approval Testing (TAT) and Factory Acceptance Testing for the ammonia-fueled engine in January 2026.
- Nord Gas Solutions (formerly Wärtsilä Gas Solutions)corePartner in the Joint Development Project for ammonia dual-fuel MGCs. Nord Gas Solutions delivered the fuel supply system designed for both ammonia and LPG as fuel, providing significant operational flexibility.
- Lloyd's RegistercoreTechnical partner in the ammonia dual-fuel JDP and in IMO ammonia fuel safety guidelines development. Lloyd's Register provided Approval in Principle for ammonia-fueled MGC design (2021) and type approval for ammonia-fueled engines. Also contributed to IMO MSC 111 approval of ammonia as fuel safety guidelines.
- Belgian FPS Mobility and TransportcoreBelgian Federal Public Service Mobility and Transport led the IMO effort to draft ammonia as fuel safety guidelines, working closely with EXMAR and Lloyd's Register. EXMAR provided hands-on operational experience to develop robust and practical safety guidelines approved at IMO MSC 111.
- Jiangnan Shipyard (China)coreJiangnan Shipyard built EXMAR's world-first ordered 88,000 m3 VLGCs with LPG as fuel (FLANDERS INNOVATION and FLANDERS PIONEER), and 86,000 m3 LPG-fuelled gas carriers for Equinor. Also built Caribbean FLNG/TANGO FLNG with Wison Offshore and Marine.
Scale indicators10 records
Recent moves11 records
Expansion highlights6 records
EXMAR SHIPMANAGEMENT NV competitors and assessment
Company assessmentBroad incumbents
- Stolt-Nielsen: Diversified maritime group with parcel tankers, tankships, and Stolt LNG (LNG/bulk); competes more broadly in chemical gas shipping where EXMAR also operates, particularly for industrial gas customers.
Direct peers
- Dorian LPG: Pure-play VLGC owner/operator serving LPG shippers globally; directly comparable in vessel type and customer base (energy majors, traders) to EXMAR's VLGC segment.
- Excelerate Energy: FSRU operator and EXMAR's long-standing strategic alliance partner (developed EnergyBridge together); directly competes in the FSRU and LNG STS transfer market after acquiring EXMAR's 50% stake in four FSRUs in 2017.
- Flex LNG: Pure-play modern LNG carrier owner with long-term charters; competes with EXMAR (via AEX LNG JV with Anglo-Eastern) in LNG carrier management and newbuild supervision for third-party owners.
- Golar LNG: Pure-play LNG carrier and FLNG owner/operator; competes directly with EXMAR in floating LNG infrastructure, including FLNG conversions (FLNG Hilli Episeyo) and FSRU operations.
- Avance Gas Holdings: VLGC owner/operator focused on LPG transportation; competes with EXMAR in the large gas carrier segment and has overlapping exposure to LPG shipping demand and dual-fuel newbuild programs.
- Navigator Holdings: Owner/operator of a midsize fleet of LPG/petrochemical gas carriers; competes with EXMAR in the midsize segment and shares exposure to ammonia and ethylene shipping demand.
- Höegh LNG (now Höegh Evi): FSRU owner and operator with a fleet of floating regasification units; competes head-to-head with EXMAR and Excelerate Energy in the global FSRU charter market, including the EnergyBridge-type regasification business.
- BW LPG: World's largest VLGC owner/operator; competes with EXMAR in LPG transportation, particularly on long-haul VLGC routes where EXMAR operates its 88,000 m³ LPG-fueled fleet.
- Hoegh LNG Partners / Cool Company: LNG carrier owner with exposure to FSRU-style long-term charters; competes for LNG shipping and infrastructure contracts that overlap with EXMAR's LNG/FSRU portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
EXMAR SHIPMANAGEMENT NV social profiles
Digital presenceEXMAR SHIPMANAGEMENT NV compliance and trust
Trust signalCompliance1 record
EXMAR SHIPMANAGEMENT NV financial estimates
Financial estimateRevenue estimate
Valuation estimate
EXMAR SHIPMANAGEMENT NV leadership team
Management profileNumber of profiles
EXMAR SHIPMANAGEMENT NV subsidiaries and ownership
Company hierarchySubsidiaries12 records
EXMAR SHIPMANAGEMENT NV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EXMAR SHIPMANAGEMENT NV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EXMAR SHIPMANAGEMENT NV
What does EXMAR SHIPMANAGEMENT NV do?
EXMAR Shipmanagement NV provides third-party technical ship management, crew management, and offshore engineering services for a global fleet of mid-size gas carriers (LPG, LNG, ammonia) and floating LNG/regasification assets (FSRUs, FLNGs). It operates as the operational and engineering hub of the EXMAR Group, delivering end-to-end vessel management, marine operations, and project engineering for energy-sector customers.
Is EXMAR SHIPMANAGEMENT NV a public or private company?
EXMAR SHIPMANAGEMENT NV is a public company. It is classified as corporate owned and is currently operating.
When was EXMAR SHIPMANAGEMENT NV founded?
EXMAR SHIPMANAGEMENT NV was founded in 1980. It employs 501 to 1,000 people.
Where is EXMAR SHIPMANAGEMENT NV based?
EXMAR SHIPMANAGEMENT NV is headquartered in Antwerp, Belgium, in the Europe region.
How does EXMAR SHIPMANAGEMENT NV make money?
Five revenue lines are on record. Vessel Time/Charter Contracts are the primary driver. The others are floating Infrastructure Leasing and Ownership, technical and Crew Ship Management, offshore Engineering and Design Services and FLNG Marine Operations and Maintenance.
Who are EXMAR SHIPMANAGEMENT NV's main competitors?
Stolt-Nielsen is listed as a broad incumbent. Direct peers are Dorian LPG, Excelerate Energy, Flex LNG, Golar LNG, Avance Gas Holdings, Navigator Holdings, Höegh LNG (now Höegh Evi), BW LPG and Hoegh LNG Partners / Cool Company.
Does EXMAR SHIPMANAGEMENT NV have an API?
No public API is recorded for EXMAR SHIPMANAGEMENT NV.
What industry is EXMAR SHIPMANAGEMENT NV in?
EXMAR SHIPMANAGEMENT NV's product category is Maritime Gas Transportation and Floating LNG Infrastructure Services. Its primary akta.pro industry code is EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters), with a secondary code of TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS). Its NAICS code is 4883 and its SIC code is 4400.