Boskalis to build oil terminal in Iraq
Offshore service company Boskalis has agreed with the Iraqi government to build a new oil terminal in the country.
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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.
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.
![MC SSV Victoria SS Victoria[1].JPG](https://finanswatch.dk/incoming/article4922125.ece/ALTERNATES/e/MC%20SSV%20Victoria%20SS%20Victoria%5B1%5D.JPG)
Towage and salvage group Royal Dutch Boskalis has secured a new EUR 120 million contract to conduct preliminary work, including dredging, as part of the expansion of an oil terminal in Brazil.
The Dutch marine group behind tug and salvage group Smit is feeling the pain across its three business areas, with significantly lower revenue and operating result.
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.
Dutch Boskalis has won an order to deliver all elements except for the turbines to an offshore wind farm off Aberdeen.
Royal Dutch Boskalis and Van Oord have won a contract worth EUR 300 million from the state-owned entity responsible for building the Fehmarn fixed link.
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