Boskalis Floating Dock to Fix Carnival Vista
Florida-headquartered Carnival Cruise Line has contracted the Dutch marine engineering company Royal Boskalis Westminster N.V. to lift its cruise ship Carnival Vista out of the water onto the world’s largest heavy lift ship, Boka Vanguard, and transport it to Grand Bahama shipyard for a dry docking operation.The operation, the first of its kind in the world, will take place in the coming weeks in Freeport, Bahamas. The BOKA Vanguard is the world’s largest semi-submersible ship…
Boluda Corporación Goes to N. Europe
Shipping services provider Boluda Corporación Marítima has signed a letter of intent to acquire all the shares, worth 300 million euros, of Kotug Smit Towage.The Netherlands-based towage services provider Kotug Smit Towage is operating in North Sea countries (United Kingdom, Netherlands, Belgium and Germany).Boluda Corporación Marítima is now in talks to acquire 100% of the towage company Kotug Smit Towage created in 2016. The shares are owned equally by the two companies Kotug International BV and Royal Boskalis Westminster NV…
Boskalis Sells Stake in SAAM SMIT Towage
Royal Boskalis Westminster N.V. (Boskalis) has signed an agreement with SAAM S.A. (SAAM) relating to the sale and purchase of the equity stake held by Boskalis in SAAM SMIT Towage. Under the terms of the agreement, the total (100%) enterprise value of SAAM SMIT Towage is valued at $560 million. Boskalis expects to receive $201 million in cash for its equity stake in the joint venture.The towage joint venture between Boskalis and SAAM was formed in 2014 which at the time covered the respective towage activities in Brazil, Panama, Mexico and Canada.
Boskalis Wins USD 283 mln Contract from Ostwind
Dutch dredging Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection.A press release from the global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the contract was awarded by 50Hertz and carries a value for Boskalis in excess of EUR 250 million (USD 283.45 mln) making this the largest cable installation contract acquired by…
Boskalis Nominates van Noort as New CFO
Royal Boskalis Westminster N.V. has nominated Carlo van Noort to be appointed as Chief Financial Officer (CFO) of Boskalis at the Annual General Meeting of Shareholders (AGM) in May 2019. The term of the current CFO, Hans Kamps, expires on the date of that same AGM.van Noort is currently financial director of Boskalis Nederland. He has held various finance positions within the three divisions of the Group over the last 12 years and is currently financial director of Boskalis Nederland.
Boskalis Bags New Contracts
Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America.
Boskalis wins €897m Tuas Terminal Project
Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Award from the Maritime and Port Authority of Singapore (MPA) for the port development project Tuas Terminal Phase II in Singapore, also referred to as Tuas Terminal Finger Pier 3. The contract value for the consortium, including Penta Ocean Construction Company and Hyundai Engineering & Construction Company, is approximately SGD 1.46 billion. Boskalis' share in the consortium is 30% with a corresponding contract value of approximately EUR 300 million.
Dockwise Bags Marine Transport Contracts Worth $50 Mln
Royal Boskalis Westminster N.V. said its wholly-owned subsidiary Dockwise has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Dockwise was awarded a contract by Husky Oil Operations Ltd. for the transportation of the West White Rose Topside from Texas, U.S. to Newfoundland and Labrador, Canada. The contract includes the engineering, preparation and execution of the loading, transport and discharge operation of the topside.
Boskalis Bags Stockholm Norvik Port Contract
Royal Boskalis Westminster N.V. said it has been awarded a contract by Ports of Stockholm to construct the quay wall for the new Stockholm Norvik Port in Sweden. The contract value amounts to approximately €60 million ($69 million). The project will commence in the autumn of 2017 and is expected to complete in the spring of 2020. Stockholm Norvik Port, the new freight port for rolling goods and containers, will be constructed in Norvikudden located 60 km south of Stockholm. The port will have seven berths for container ships and RoRo ferries.
Boskalis Takes New Mega Cutter Helios into Service
Royal Boskalis Westminster N.V. said its new mega cutter Helios was named and christened during a festive ceremony in the port of Rotterdam, the Netherlands. The self-propelled Helios is 152 meters long and has a breadth of 28 meters and is able to dredge at depths of 6 to 35 meters. The vessel was developed to dredge in extremely hard ground. The cutter ladder weighs 2,060 tons, making it the heaviest in the world. The vessel can accommodate a crew of 45 and so the Helios can operate around the world in the most remote locations.
Channel Dredging to Commence in Mumbai
Dredging works for the deepening and widening of the access channel toward Jawaharlal Nehru Port in Mumbai, India is scheduled to commence in the coming weeks and last for approximately two years. The dredging will enable the country’ largest container handling port, Jawaharlal Nehru Port, to accommodate larger container vessels. Jawaharlal Nehru Port Trust awarded the €250 million (approximately $265 million) dredging contract to Royal Boskalis Westminster N.V. in joint venture with Jan De Nul.
Boskalis wins SponsorRing Award
Royal Boskalis Westminster N.V. (Boskalis) was last night named winner of the SponsorRing 2016 award in the 'Society' category for its sponsorship of The Ocean Cleanup's North Sea prototype test. A floating barrier designed to capture plastic from the sea is being tested approximately 23 km off the Dutch coast. The purpose of the test is to see how well the floating barrier design is able to cope with extreme weather conditions at sea. The SponsorRing is the annual award for the best sponsorship cases in the Netherlands. The jury commented: "An extremely brilliant case and an outstanding fit.
Boskalis Posts Highest Profit
Royal Boskalis Westminster N.V. (Boskalis) achieved a very busy first half year with historically high profit and realized a net profit of EUR 306.5 million in the first half of 2015, a rise of 21% (H1 2014: EUR 253.0 million). Revenue in the first half of the year rose 1.6% to EUR 1.57 billion (H1 2014: EUR 1.55 billion). Adjusted for (de)consolidation and currency translation effects, revenue was stable. EBITDA in the first half of the year amounted to EUR 500.1 million (H1 2014: EUR 466.4 million) and the operating profit (EBIT) was EUR 359.3 million (H1 2014: EUR 338.3 million).
Boskalis, KOTUG Joint Venture Formalized
Royal Boskalis Westminster N.V. and KOTUG International B.V. have reached a formal agreement to merge their European harbor towage operations following on a Memorandum of Understanding signed by the parties in late 2014. The combined operations will be transferred to a 50/50 joint venture bringing together the European harbor towage activities of KOTUG and Boskalis subsidiary SMIT, operating under the new name KOTUG SMIT Towage. The scope of the joint venture will encompass the harbor towage operations of SMIT in Belgium…
Boskalis Wins Abu Dhabi Dredging Contract
Royal Boskalis Westminster N.V. has won a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Company as well as to an existing offshore gas pipeline. Boskalis will dredge a more than 50-kilometre-long trench between Das Island and Ras Al Qila in onshore Abu Dhabi for the new pipeline installation. Dredging work is scheduled to commence in phases from this quarter onwards and is expected to be completed in the second half of 2017.
Boskalis to Build Islands in Indonesia
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by KSO Ciputra Yasmin to construct the land for the Centre Point of Indonesia Project located off the coast of Makassar. The contract value is approximately EUR 80 million. Work is scheduled to commence in the coming months and will last two years. Boskalis will deploy a mega trailing suction hopper dredger for the reclamation activities. The project involves the construction of five artificial islands off the coast of Makassar.
Boskalis to Transport Johan Sverdrup Platform Modules
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser platform and the topside of the processing platform for the Johan Sverdrup project offshore Norway. The contract carries a value of approximately USD 40 million. The modules will be transported by Dockwise in three journeys. A Dockwise type I heavy transport vessel will transport two topside modules of the riser platform with a total weight of more than 20…
Boskalis Completes Acquisition of STRABAG Wasserbau
Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The transaction price of EUR 70 million has been financed from Boskalis' own cash. With the transaction Boskalis acquires the equipment, personnel and relevant contracts of STRABAG Wasserbau. The most important assets are two young trailing suction hopper dredgers with a capacity of 7,350 m3 each, a large modern backhoe dredger and four self-propelled barges.
KOTUG, Boskalis Begin Harbor Towage Joint Venture
KOTUG International B.V. and Royal Boskalis Westminster N.V. have formalized a joint venture for the companies’ European harbor towage operations. The joint operations are transferred to a 50/50 joint venture, combining the European harbor towage activities of KOTUG and Boskalis’ subsidiary SMIT. The merged operations will operate under the entity KOTUG SMIT Towage, with operational integration beginning April 7, 2016. With a fleet of 65 tugboats, KOTUG SMIT Towage will provide harbor towage services in northwestern Europe, operating in 11 ports in Belgium, Germany, the Netherlands and U.K.
Ampelmann Names New Supervisory Board Members
Ampelmann, a provider of motion compensation access solutions, announced the appointment of three new members to its supervisory board. Ampelmann said the three senior industry executives, Frank Verhoeven, John Evans and Mark B. Duncan, will bring international, commercial and operational experience and will play a role in supporting its growth ambitions. Frank Verhoeven is member of the Board of Management of Royal Boskalis Westminster N.V. since 2012 and of Smit since 2010. He joined Boskalis in 1976 and holds various offshore industry-related supervisory board positions.
Boskalis Inks EUR 300 mi Fehmarnbelt Project Deal
Today, Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, and the Fehmarn Belt Contractors joint venture, consisting of Royal Boskalis Westminster N.V. (Boskalis) and Van Oord, signed the previously announced contract related to the construction of the Fehmarnbelt Fixed Link. Boskalis' share of the contract is approximately EUR 300 million. The contract is conditional to obtaining the outstanding environmental permits that have yet to be issued by the German authorities.
Boskalis sets Dividend Conversion at 1:20.4
On 10 May 2016 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2015 has been determined at EUR 1.60 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash. With the dividend distribution as stock, shareholders will receive one ordinary share per 20.4 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted…
Boskalis Awarded Aberdeen Offshore Wind Farm Contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm, also known as the European Offshore Wind Deployment Centre. Following the announcement on 29 June stating that Boskalis was the preferred contractor, the contract has now been formally awarded. The project will consist of eleven wind turbines with a capacity of 92.4 MW. The contract includes all offshore elements of the wind farm, with the exception of the wind turbine supply.
Boskalis to cut 650 jobs, 24 vessels
Royal Boskalis Westminster N.V. (Boskalis) announces that its Works Council has unanimously rendered a positive advice on the fleet rationalization plan announced early July. Part of the positive advice in an agreement to continue to crew two of the five Fairmount vessels for the time being with Dutch employees. As a consequence, 24 vessels will be taken out of service in the coming two years resulting in the loss of approximately 650 jobs worldwide. Furthermore, Boskalis has reached an agreement in principle with the Works Council on a social plan.
Haaijer Nominated to Boskalis' Board
Ilona Haaijer has been nominated as member of the supervisory board of Royal Boskalis Westminster N.V., following the board's decision to increase the number of its members from six to seven. Haaijer has the Dutch nationality and is President & CEO of DSM Food Specialties and member of the Business Council of Royal DSM N.V. Haaijer has formerly occupied the positions of Non-Executive Director and Board Member of RPC Group Ltd, President of DSM Personal Care and CEO of Philips AVENT.
Haaijer Joins Boskalis Supervisory Board
I. Haaijer was named to a four year term on the Supervisory Board of Royal Boskalis Westminster N.V. She was appointed during the company’s Extraordinary General Meeting of Shareholders on November 10. Haaijer fulfills the function of President & CEO of DSM Food Specialties and is member of the Business Council of Royal DSM N.V. Haaijer has formerly occupied the positions of Non-Executive Director and Board Member of RPC Group Ltd, President of DSM Personal Care and CEO of Philips AVENT.