Press Releases from Exmar NV (11 total)
Exmar extraordinary shareholders’ meeting
The extraordinary shareholders’ meeting held today, 13th November 2009 has, subject to the approval of a prospectus by the CBFA and the signing of a hard underwriting agreement with the underwriting syndicate, decided to increase the share capital with a maximum of EUR 100 million by issuing new shares with VVPR strips. All existing shareholders will have the opportunity to participate in the transaction through the exercise of preferential rights.
The…
PROPOSAL CAPITAL INCREASE
The Board of Directors of EXMAR has decided to propose to the shareholders to proceed with a capital increase of EUR 100 million. Saverex NV, the reference shareholder of EXMAR, will participate in the capital increase with an amount of EUR 50 million. Sofina SA will also participate in the transaction in accordance with its current shareholding in the company (approx. 1.3%). Sofina SA has confirmed a further support to…
Fluxys LNG and Exmar examine project to build second jetty at Zeebrugge liquefie …
Fluxys LNG is to launch the detailed study into building a second jetty at the Zeebrugge liquefied natural gas terminal, the aim being to enable regasification ships to moor. For its part, Exmar is prepared to book long-term capacity with Fluxys LNG. The two companies have signed a Memorandum of Understanding setting out their agreement. Pascal De Buck, Member of the Fluxys Executive Board and Commercial Director:
“Enabling reception of…
EXMAR Provisional results 2008
The Executive Committee of EXMAR reported today the preliminary results for the 4th quarter and full year 2008.
HIGHLIGHTS
Cash flow from Operations (EBITDA) and Operating Result (EBIT) influenced by disappointing VLGC market but supported by the sale of the Midsize LPG vessel CARLI BAY;
- Contribution from LNG and Offshore divisions in line with expectations;
- This year again, falling USD interest rates have had a significant influence on financial results thru non-cash,…
EXMAR forms Alliance to Create Floating Liquefaction, Storage and Offloading Sol …
Partnership to provide broad-based solutions for developing gas markets
Antwerp, November 05, 2008 – EXMAR today announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions. EXMAR has specifically formalised a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a proven provider of natural gas processing and liquefaction technology.
“The alliance of a proven liquefaction technology provider, an experienced LNG importer…
Trading update as per 30th September 2008
The Executive Committee of EXMAR NV today reported its trading update for the 3rd quarter 2008. The key figures
are:
For full press release please go to Exmar corporate website: www.exmar.be
LPG
During the 3rd quarter an operating result (EBIT) of USD 6.2 million was recorded by the LPG fleet (USD 7.1 million for the 3rd quarter of 2007). The EBIT for the first 9 months of the current year amounts to USD 18.3…
Sale LPG / NH3 carrier “CARLI BAY”
EXMAR is pleased to announce that it has sold its 25,000 cubic metres fully refrigerated LPG/NH3 vessel CARLI BAY (built MHI 1998) to ABG Sundal Collier. The vessel will be delivered to the new Owners during the middle of October following drydock in Europe.
The net sale price amounts to USD 49.5 million.
EXMAR will realise a capital gain of about USD 20 million and generate a cash surplus of USD…
Exmar half year results on 30th June 2008
The board of directors of EXMAR NV has drawn up the accounts for the period ending 30th June 2008. This press release also refers to the one distributed on 30 July 2008 (provisional results)
OUTLOOK SECOND SEMESTER
LPG
The 3rd Quarter started on a firm tone for the VLGC fleet due to continued tight vessel availability but caution remains on the general outlook in the light of 14 newbuildings being delivered prior year-end…
Provisional results first semester 2008
The Executive Committee of EXMAR today reported its preliminary and unaudited results of the second quarter and the first semester 2008. The key figures are:
During the first six months of the current year, an operational result (EBIT) of USD 31.4 million was recorded (compared to USD 32.9 million for the first six months of 2007). The company had a net result after taxation of USD -3.9 million (USD 16.9 million…
Exmar secures employment for latest three LNGRV’s
EXMAR is pleased to announce that its three remaining LNG Regasifcation Vessels
(LNGRV’s), currently under construction at the Okpo Shipyard of Daewoo Shipbuilding &Engineering Co Ltd (DSME) have secured long-term employment with Excelerate energy L.P.
These vessels, Hull N°2270 to be namedEXQUISITE, Hull N°2271 to be named EXPEDIENT and Hull N°2272 to be named EXEMPLAR will have a cargo capacity of
150,900m³ and will be delivered in 2009/10.
As a result of this new…
Results hit by disappointing VLGC market
The Executive Committee of EXMAR NV today reported its trading update for the first three months ended 31st March 2008. The most important key figures are:
The Group had a net result of USD 1.8 million for the first quarter 2008 (first quarter 2007: USD 9.7 million). The operating result (EBIT) was USD 13.9 million (USD 18.9 million for the first quarter 2007). The result was affected by a disappointing VLGC…
