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.
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.
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.
Boskalis has made a significant double-digit million dollar figure by selling its stake in SMIT Amandla Marine. The sale was announced already back in March 2016, but the transaction has now been completed.
Revenue and earnings are sliding downhill at Royal Boskalis Westminster, which counts companies including the tugboat activities in Smit. "We are experiencing stormy conditions," says Peter Berdowski, CEO of Boskalis.
Boskalis has completed a study of the carrier's fleet in light of the deteriorating market conditions plaguing the sector. The carrier will idle 24 ships in a row, which will cost upwards of 650 jobs over the next two years.
Boskalis har afsluttet en undersøgelse af selskabets flåde i lyset af de svære markedsvilkår, der præger branchen i dag. Selskabet vil oplægge 24 skibe, og det vil koste op mod 650 job i løbet af de næste to år.