Philippe Van de Vyvere’s fast growing Sea-Invest owns 51% of Totseanergy, while Total’s share accounts for 49%. Although the French have repeatedly funneled funds into the port’s expansion, it’s the first time that the multinational is this directly engaged, thus anchoring its presence in Europe’s second biggest port.

The joint venture is a success story for Ghent-based Sea-Invest as well: they too have channeled EUR 250 million into the port since 2010, creating 800,000 cubic meters of oil tanks for their client Total. Totseanergy reinforces the ties between both companies and consolidates their position in Antwerp.