Boskalis Appointed as Salvor for Both Damaged Tankers in the Gulf of Oman
Royal Boskalis Westminster N.V. (Boskalis) has been appointed as the salvor for both tankers that were hit yesterday morning in the Gulf of Oman in a suspected attack. Shortly after the incidents the insurers of both vessels appointed Boskalis subsidiary SMIT Salvage to salvage the vessels and their cargo. The …
Boskalis Expands Market Position in Marine Survey Through Acquisition of Horizon
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates. Horizon’s main activities include marine geophysical surveys and geotechnical services. Peter Berdowski, CEO Boskalis, “Through this transaction, we are adding an important strategic position to our existing marine survey and …
Boskalis Signs Deal to Sell its Equity Stake in SAAM SMIT Towage for USD 201 Million
Royal Boskalis Westminster N.V. has signed an agreement with SAAM S.A. 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 USD 560 million. Boskalis …
Boskalis and Kotug Establish European Harbour Towage JV
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) have reached agreement on the merger of their European harbour towage operations. The Memorandum of Understanding signed by the parties in late 2014 has now been formalized following a thorough process. The combined operations will be transferred to a 50/50 …
Boskalis: Very Busy First Half Year with Historically High Profit
Highlights of first half 2015 Revenue: EUR 1.6 billion EBITDA: EUR 500 million Net profit: EUR 307 million Order book: EUR 3.0 billion Outlook 2015 Dredging: stable market with lower utilization rate in the second half year, partly due to postponed vessel maintenance from the first half Offshore Energy: more …
Boskalis Increases Holding in Fugro to 25.1%
Royal Boskalis Westminster N.V. (Boskalis) has increased its holding in Fugro N.V. to 25.1%. Boskalis stresses that this is not a step towards making an offer. Boskalis views Fugro as an interesting company with strong market positions in its core activities. The strategy of Boskalis is focused on offshore and …
Boskalis Posts Record Net Profit of EUR 490 million
Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014 (2013: EUR 366 million). Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion). EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 per cent at EUR …
Boskalis: Takes Ownership of the White Marlin and Freeway
Royal Boskalis Westminster N.V. (Boskalis) announces that the Dockwise vessel White Marlin was named and christened during a festive ceremony in Guangzhou, China. Following the ceremony, the semi-submersible heavy transport vessel will be mobilized to Singapore for its maiden transport of two drilling rigs for discharge in Abu Dhabi. The …
Boskalis: Acquires 14% Stake in Fugro
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake in Fugro N.V. Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. Boskalis wants to enter into a dialogue with Fugro to explore possible options for cooperation. Boskalis stresses that it has …
Boskalis to Launch Share Buyback Program
Royal Boskalis Westminster N.V. (Boskalis) announces the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10million of its own shares. The program will be executed in …