Boskalis still hit by tough market

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.

Photo: Boskalis

Improvements emerged in the third quarter for Dutch Boskalis, but the major offshore and towage company is still strained by a challenging market.

Even though the shipping company expects "a sharp improvement" in the second half of the year from the USD 34.5 million booked in the first six months, it will not match the level seen in the second half of 2017, where the company's net operating profit came to USD 75 million, according to Boskalis' third quarter interim report.

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