Reading the Git commits it seems there were some changes between the versions.
I updated OXCE in my current stock Piratez campaign. Then I realized that version 7.12.2 took nearly 3 mins to load versus about 30 seconds for the 7.12.1 version.
The log files show a bunch of [error] messages for the updated version, versus the old version, both attached.
Maybe there are new settings that I need to modify so the launching isn't that comprehensive? I haven't changed settings in a long time.
To replicate, install OXCE over the current version of Piratez ("Dioxine_XPiratez_N7.0.4.5.rar").