Boskalis acquires offshore service competitor
The Dutch offshore company expects to have earned back the purchase price in three years thanks to synergistic effects.
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The Dutch offshore company expects to have earned back the purchase price in three years thanks to synergistic effects.
While several companies and sectors have been hit hard by the coronavirus crisis, the impact on Dutch Boskalis' business so far has been "relatively limited". The company is cautiously optimistic about the rest of the year, though it expects to be affected by the coronavirus crisis and oil price plunge.
Boskalis has landed a five-year revolving credit facility. The credit facility totals EUR 500 million and is backed by a syndicate of seven banks.
Ardent sells its US business to Dutch Boskalis. The deal comes after months of persistent rumors of financial problems at the salvage company, which used to be owned by Svitzer.
Boskalis has settled a new contract with the Port of Rotterdam, where the shipping company will do maintenance and dredging to ensure free access to the port. The contract is for three years but can be extended.
Dutch Boskalis buys the remaining shares in Arab company Horizon Group, a Middle Eastern market leader in geophysical survey services. With full ownership, Boskalis sees a potential for expanding.
Dutch Boskalis says it has won new orders for a combined value of USD 120 million. The orders cover, among other tasks, transport from China to a series of countries.
Offshore company Boskalis exited the third quarter of the year with increases in revenue and operations. The order book also grew in the period, and the company expects a stronger second half of the year, writes Boskalis in an update.
Offshore service company Boskalis has agreed with the Iraqi government to build a new oil terminal in the country.
Offshore service operator Boskalis books more than EUR 100 million in provisions resulting from stiff competition in the offshore wind market.
Det hollandske offshoreselskab Boskalis hensætter mere end 100 mio. euro som følge af hårdt pres på havvindmarkedet.
Offshore shipping company Boskalis has appointed a new chief financial officer at its general assembly. The new CFO has previously served in other positions at the company.
Boskalis lost more than EUR 400 million in 2018, where the offshore market in particular was strained and resulted in impairments. Revenue as well as the size of the order book increased over the course of the year.
The Dutch tugboat and marine group bagged a triple-digit million contract in euros for offshore cable installation. This marks the company's largest ever contract and will be carried out in a consortium which includes cable manufacturer NKT.
Towage and marine services group Boskalis finished the third quarter with an improved result. Even though the company sees signs of a recovery, the market remains strained.
The Dutch company will sail on biofuel while working on a wind farm. More projects with biofuel are underway, and with time the fuel will represent a way of reducing the carrier's environmental footprint.
Det hollandske selskab sejler på biobrændsel i arbejdet med en vindmøllepark. Det er ikke det eneste projekt med biobrændstoffet, der på sigt skal sænke rederiets miljøpåvirkning.
Marine and towage group Boskalis suffered a massive deficit for the first half of the year, as weak activity in Offshore Services dragged the group down despite positive developments in other business units.
Dutch Boskalis has secured a contract to dredge and develop a new part of Singapore's port. The job will span the next nine years and is budgeted at EUR 300 million.
Dutch offshore and towage carrier Boskalis emerged from the third quarter with a lower result. The market remains tough, says the carrier.
Dutch Boskalis was hit by the weak offshore market in the first half of the year, as the net result dropped almost 50 percent to EUR 75.1 million compared to last year.
Dutch Boskalis will build a quay in the new container and RoRo port in Stockholm, which is currently being completed. The contract is worth EUR 60 million, says Boskalis.
Following two record years for the listed Dutch marine and towage giant Boskalis, last year finished as a massive downturn. CEO Peter Berdowski does not expect a rapid recovery in the offshore market.
Marine and towage behemoth Royal Boskalis Westminster will include a EUR 840 million impairment in its results for 2016.
Marine group Royal Boskalis Westminster will develop and construct a new port in Oman. The contract is worth EUR 480 million in total, informs the company.
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