The Group operates through three segments: Marine, H2 Infra, and H2 Industry. The Marine division, the largest segment, comprises six operating units: Euronav, Bocimar, Delphis, Bochem, Windcat, and Port vessels. Euronav specializes in oil tankers for crude oil transportation and storage. Bocimar owns and operates bulk carriers and includes Golden Ocean, acquired in 2025, for combined dry bulk activities. Delphis focuses on medium-sized container ships, while Bochem operates chemical tankers. Windcat provides crew transfer services to the offshore wind industry, and Port vessels concentrate on decarbonizing maritime activities around ports. The H2 Infra division develops and manages technology and infrastructure for green hydrogen and ammonia production and distribution. The H2 Industry division offers scalable dual-fuel industrial applications utilizing heavy-duty hydrogen-powered combustion technology. The Group voluntarily discloses segment information to the Chief Operating Decision Maker and Management Board. Following acquisitions, Floating Storage Units are incorporated into Euronav, and Golden Ocean is included in Bocimar. In 2025, the Marine division had one client accounting for more than 10% of its revenue. The Group does not differentiate geographical segments in its internal management structure.
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