EXMAR report 2025

2.3 Supporting services 55 INNOVATIONS DEVELOPING NEW BUSINESS Benefiting from decades of hands-on knowledge and industry expertise, EXMAR Ship Management managed to secure several new projects in the course of 2025. Business Unit Infrastructure CEDAR LNG PROJECT Building on our unique expertise in operating floating LNG infrastructure, as well as our ability to support our customers across the full value chain, from liquefaction to regasification, and aligned with our organization growth strategy, we have continued an active commercial campaign to collaborate with world-class companies seeking top-tier operational service. Essential to these efforts, and following a rigorous selection process, we were selected to provide our operational experience to the CEDAR FLNG project, currently under construction at Samsung Shipyard in Korea. EXMAR Ship Management was contracted to provide various Marine Supporting Services (MSS) over the different project phases. In the first phase, EXMAR Ship Management will develop a complete IMO-compliant Safety Management System (SMS), based on our knowledge and experience gained from the Tango FLNG terminal, currently operated for ENI. The second phase will be the development of all Operational & Maintenance procedures for the Cargo, Marine & Utility systems of the asset, which will be operated thereafter by dedicated ESM crew (19 PAX) as from sail-away from the yard. Besides the already contracted scope, there may be further opportunities for EXMAR Ship Management, such as the review of all liquefaction procedures, training of Cedar FLNG crew, the interfacing of CMMS systems and even additional (maintenance) crew. The contract with Cedar FLNG, a project to be deployed in Kitimat / West Coast Canada, makes EXMAR Ship Management an even more robust FLNG service provider after the successful deployment & operations of Tango FLNG for our customer ENI Congo. Business Unit Shipping LNG BUNKERING NEWBUILD SUPERVISION & MANAGEMENT EXMAR Ship Management has secured a contract to supervise the construction of two 20,000 cubic meter LNG bunker vessels, currently under construction in China, for an undisclosed third-party owner. Upon delivery of these vessels in 2027, they will enter our managed fleet. This contract is an example of our ambitions and efforts to diversify our service model beyond the integrated ship management services we offer. Additionally, EXMAR Ship Management secured a service contract to develop the safety and operating procedures for an LNG inland bunker vessel. These services were finalized upon delivery of the vessel at end 2025. SHARING OF EXPERTISE: AMMONIA (AS FUEL) TRAINING COURSES In cooperation with the colleagues of EXMAR Marine, EXMAR Ship Management is offering an ammonia training module for people working with ammonia as a product or its operations on board gas carriers. This expert training can be tailor-made depending on the audience and its requirements. UPPORTING SERVICES