EXMAR and Anglo-Eastern establishes new joint venture for LNG ship management. Credit: Towel401.

Belgian shipping firm EXMAR Ship Management (EXMAR) and Anglo-Eastern Univan Group have established a joint venture (JV) to focus on liquefied natural gas (LNG) ship supervision for third-party owners.

Called AEX LNG Management, the new JV will operate from Singapore.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

AEX LNG Management will utilise EXMAR’s expertise in the LNG space and Anglo-Eastern’s systems, resources and global reach to serve its clients in the LNG-carrier market.

EXMAR chairman Nicolas Saverys said: “I am sure that our vast LNG ship management expertise (since 1974) in combination with the global network of Anglo-Eastern will create exciting synergies that will change the third-party LNG ship management game.”

The JV will provide a range of services, including new building planning and supervision, as well as ship management.

Using Anglo-Eastern’s network of maritime training centres and modern simulators, the JV will also offer crew recruitment and training services to its clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Anglo-Eastern executive chairman Peter Cremers said: “I look forward to combining EXMAR’s unique competencies in the LNG space with our crewing and training solutions in order to offer our customers a platform for LNG ship management that carries the same depth and strength as we have in our other tanker segments.”

In August, CSSC Shipping signed an agreement with EXMAR for floating LNG storage and regasification unit acquisition and leaseback.

CSSC Shipping will buy the ship from EXMAR for $155m and lease it back for around $189.65m for a period of ten years.

In September 2018, EXMAR awarded a contract to Finnish marine technology firm Wartsila to supply an integrated cargo handling and fuel gas system for two of its very large gas carriers (VLGCs).