Emergency response +31 10 454 99 11

Overview news and press releases

Selected filters:
Press release

Boskalis update share buyback

Papendrecht, 17 June 2019 In the period from 10 June up to and including 14 June, Royal Boskalis Westminster N.V. (Boskalis) repurchased own shares. The repurchases took place within the framework of the share buyback program announced on 15 March 2019. Click here for a complete overview of all individual transactions. Boskalis will publish a press release every Monday for the duration of the buyback program, provided shares were repurchased in the preceding week. Interested parties can subscribe to these press releases at ir@boskalis.com . An overview of the progress of the program can be found on www.boskalis.com/sharebuyback2019 . FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

Read more
Press release

Boskalis appointed as salvor for both damaged tankers in the Gulf of Oman

Papendrecht, 14 June 2019   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 situation of the Front Altair with a cargo of naphtha is still worrisome. The crew was able to safely leave the ship and the fire was extinguished yesterday afternoon. A salvage team was flown in to execute the salvage operation on site with accompanying specialist equipment.   The Kokuka Courageous with a methanol cargo on board is now in a stable condition. Here too the crew was able to safely leave the vessel after which the ship was stabilized. A towing connection was successfully established yesterday afternoon and the crew was able to return to the vessel. The vessel is currently being towed to a port in the Gulf region.   The salvage operations are being carried out in close consultation with the relevant local authorities, including the Marine Emergency Mutual Aid Center (MEMAC).     Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world.   This press release can also be found on our website www.boskalis.com .  

Read more
Press release

Boskalis Annual General Meeting of Shareholders adopts resolutions

Papendrecht, 8 May 2019 Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (the Meeting) held today adopted the 2018 financial statements. All other voting items were also adopted, including: Board of Management appointments and reappointments Mr. P.A.M. Berdowski was reappointed as a member of the Board of Management and CEO for a period of four years. Mr. C. van Noort was appointed as a member of the Board of Management in the role of CFO for a period of four years. Mr. Van Noort (1975, Dutch nationality) formerly held various positions at Boskalis, including most recently that of financial director of Boskalis Nederland. Mr. T.L. Baartmans was reappointed as a member of the Board of Management for a period of four years. Mr. J.H. Kamps resigned as CFO and member of the Board of Management from the date of the Meeting. Supervisory Board appointments and reappointments Mrs. J.A. Tammenoms Bakker was appointed as a member of the Supervisory Board for a period of four years. Mrs. Tammenoms Bakker (1953, Dutch nationality) formerly held various positions, including that of Director General of the Dutch Ministry of Transport, Public Works and Water Management. Mr. D.A. Sperling was appointed as a member of the Supervisory Board for a period of four years. Mr. Sperling (1955, Dutch nationality) formerly held various positions, including that of member of the Executive Board of TBI Holdings B.V. Mr. J. van der Veer was reappointed as a member of the Supervisory Board for a period of four years. Mr. Van der Veer is also the Chairman of the Supervisory Board. Mr. J.N. van Wiechen was reappointed as a member of the Supervisory Board for a period of four years. Mr. C. van Woudenberg resigned as a member of Supervisory Board from the date of the Meeting. Dividend The Meeting approved the proposed dividend of EUR 0.50 per share in cash. The shares will be quoted ex-dividend on 10 May, with the dividend being made payable on 20 May. 2019 FinanciAl agenda 10 May Ex-dividend date 13 May Record date for dividend entitlement (after market closes) 20 May Dividend payment date 22 August Publication of 2019 half-year results 8 November Trading update on third quarter of 2019 FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

Read more
Press release

Boskalis Trading Update

Papendrecht, 8 May 2019 The market picture and developments at Royal Boskalis Westminster N.V. (Boskalis) for the first three months of the year are in line with the expectations outlined at the publication of the 2018 annual results. Higher revenue compared to the first quarter of 2018 with a comparable result Reasonable fleet utilization both at Dredging and Offshore Energy Stable order book Developments During the presentation of the 2018 annual results Boskalis expressed the expectation that the market picture in 2019 would not be fundamentally different than last year. The first quarter has progressed in line with this expectation. Revenue was higher compared to the same period last year. Given the market conditions, utilization of the Dredging fleet was good while utilization at Offshore Energy showed a mixed picture. The size of the order book was stable at the end of the quarter compared to the end of 2018 and since then various new projects were contracted both at Dredging & Inland Infra and Offshore Energy. Dredging & Inland Infra Revenue at the Dredging & Inland Infra division rose compared to the first quarter of last year. Notable projects in progress include Duqm (Oman), JNPT (India), Nordvikkudden (Sweden), Pulau Tekong Polder and Tuas Terminal 2 (both in Singapore) and various medium-sized projects in the Netherlands. Given the market conditions, utilization of the hopper fleet was good. Partly as a result of planned repairs of a mega hopper the utilization rate was lower than the annual utilization rate for 2018. Utilization of the cutter fleet was strong in the first quarter, due in part to the deployment of the mega cutter Helios on the Duqm project. The order book of Dredging & Inland Infra was virtually stable compared to the end of 2018. Notable new contracted projects include the expansion of the Port of Adelaide (Australia) and various smaller projects in Europe. After the close of the quarter two projects were contracted in Indonesia as well as a large infrastructural project in the Netherlands (Rijnlandroute sub-project). Offshore Energy In line with expectations, the first quarter at Offshore Energy was difficult due to seasonal effects, on the one hand, and persistently challenging market conditions, on the other. Revenue was slightly higher compared to the first quarter of 2018 while the divisional operating result remained at a comparable negative level. In addition to seasonal effects, the result was adversely impacted by a strong dependence on a competitive spot market for the services activities and project-specific issues at Offshore Wind. The contracting part of the division comprises Marine Installation & Intervention (I&I) and the Offshore Wind activities. The main project in progress at I&I was Nord Stream 2 while at Offshore Wind a great deal of work was executed at East Anglia, Borssele Alpha, Hohe See and Horns Rev 3. Revenue in contracting rose compared to the same period last year. The services section of the division comprises Marine Transport & Services, Subsea Services and Marine Survey. At Marine Transport the volume on the spot market was good, even though the rates were sharp. At Subsea Services and Marine Survey (Gardline) the winter period on the North Sea was seasonably quiet and the level of revenue was comparable to the early part of last year. In the first quarter Boskalis acquired a stake in Middle East based Horizon Geosciences. The associated survey activities will start to contribute to the group result as of the second quarter of the year. Average utilization of the various types of offshore vessels was comparable to the level seen at the start of 2018. The total Offshore Energy order book rose slightly compared to the end of 2018. Towage & Salvage Salvage had a good start to the year with a successful emergency response project relating to a fire aboard the Yantian Express, a large container ship on the Atlantic Ocean. As a result of these activities and ongoing cleanup activities surrounding the Maersk Honam as well as several smaller emergency response projects, revenue at Salvage rose compared to the first quarter of 2018. The intended sale of the stakes in the Saam Smit Towage and Kotug Smit Towage joint ventures was announced early in 2019. Since then these joint ventures have been recognized as assets held for sale, and as such no longer contribute to the result of the division. The result of the other Towage joint ventures was stable. The intended sale of our stake in Saam Smit Towage to SAAM is proceeding according to plan. The transaction is expected to close in the third quarter. The proposed sale of Kotug Smit Towage is progressing steadily and is expected to close in the second half of this year. Share buyback program Boskalis announced a share buyback program early February with the intention to repurchase the equivalent of EUR 100 million of its own shares. The program was launched in mid-March and in the period up to 7 May 165,676 shares were purchased representing a total value of EUR 4.0 million. Outlook The market picture for 2019 is not expected to be fundamentally different than that of 2018. The project-based nature of a significant part of our activities, along with the uncertain market conditions, makes it difficult to give a specific quantitative forecast with regard to the 2019 full-year result early on in the year. However, while the EBITDA level is expected to remain stable, it will be a challenge to exceed the 2018 net operating profit. Capital expenditure in 2019 is expected to exceed EUR 250 million, including the recently acquired assets of Bohlen & Doyen offshore but excluding acquisitions, and will be financed from the company's own cash flow. Taking into account seasonal patterns, capital expenditures including the acquisition of Bohlen & Doyen offshore, the acquisition of the equity stake in Horizon, the share buyback program and the impact of an all-cash dividend, the net debt position is expected to increase in the first half of the year before decreasing substantially in the second half of the year, due in part to the completion of the sale of the harbour towage joint ventures. Boskalis continues to have a strong financial position and comfortably meets its financial covenants. 2019 Financial CALENDAR 8 May Annual General Meeting of Shareholders 10 May Ex-dividend date 13 May Record date for dividend entitlement (after market closes) 20 May Dividend payment date 22 August Publication of 2019 half-year results 8 November Trading update on third quarter of 2019 FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

Read more
Press release

Boskalis vessel Blue Marlin hijacked offshore West Africa

Papendrecht, 7 May 2019 The Royal Boskalis Westminster N.V. (Boskalis) heavy transport vessel Blue Marlin was hijacked on Sunday approximately 80 nautical miles offshore Equatorial Guinea. Through the professional response of the crew and the coordinated support from the navy of Equatorial Guinea and Spain, the violent hijacking has been ended and the crew was safely freed. Peter Berdowski, CEO Boskalis "I want to express my compliments to our crew for their extremely professional and adequate actions in this life threatening situation. I am extremely grateful and in particular thankful to the navy of Equatorial Guinea for their quick and decisive response, as well as to the Spanish navy for their assistance via MDAT-GoG. Because of their actions, this hijacking could be ended quickly and our colleagues were brought into safety." After unloading a cargo in the waters of Equatorial Guinea, the Blue Marlin departed last Sunday with destination Malta. Sunday afternoon, the ship was unlawfully boarded from a zodiac by several armed pirates. By acting quickly and professionally, all twenty crew members were able to secure themselves in the citadel. A citadel is a highly secured space in the vessel equipped with various means of communication and emergency rations. Upon alerting the local authorities of Equatorial Guinea and the NATO mission MDAT-GoG (Maritime Domain Awareness for Trade - Gulf of Guinea), two helicopters were immediately mobilized from Equatorial Guinea, followed by a navy vessel of Equatorial Guinea and one from the Spanish navy, part of the MDAT-GoG mission. Monday morning at daylight, the Blue Marlin was boarded and fully searched by the navy of Equatorial Guinea and Spain. No pirates were found and the crew was freed from the citadel. All the crew members are in good health. The pirates shot several times during their time aboard the Blue Marlin and caused substantial material damage on the bridge, preventing the ship from being sailable. The vessel is currently approximately 40 miles offshore Equatorial Guinea, in international waters. After the freeing of the Blue Marlin, the Spanish naval vessel left Monday afternoon, followed in the evening by the naval vessel of Equatorial Guinea. The latter vessel left five armed guards on board to protect the Blue Marlin. Boskalis has now mobilized a oceangoing tug to take the Blue Marlin to a safe location. Royal Boskalis Westminster N.V. is a leading global contractor and services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions around the world. The company facilitates the development of energy infrastructure, including renewable energy sources. Boskalis is furthermore active in the construction and development of ports, waterways, access channels and civil infrastructure, thus helping to facilitate socio-economic development and improve trade opportunities at the locations at which we operate. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis operates in over 90 countries across six continents. This press release can also be found on our website www.boskalis.com .

Read more
Press release

Boskalis awarded Hornsea 2 offshore export cable installation contract

Papendrecht, 29 April 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract with a value greater than EUR 100 million was awarded by Ørsted Wind Power A/S and consists of three export cable circuits with a total length of approximately 380 kilometers. The project scope includes the preparation of the offshore export cable route (geophysical survey, boulder clearance and seabed leveling through dredging), and the installation and protection of the cables. The three 130 kilometer long export cables will connect the offshore substation to the onshore substation by means of a 300 meter long horizontal directional drilling, crossing the sea defense of Horseshoe Point, UK. The project is expected to commence later this year with a planned completion late 2021. Boskalis aims to maximize UK local content for its scope of work. Boskalis will deploy a wide variety of its in-house specialist services and assets including a trailing suction hopper dredger, a geophysical survey vessel and multiple cable-laying vessels. Furthermore, Boskalis has invested in a new multi-mode plough for both the pre-lay trenching and backfilling. The plough can withstand 200 tons continuous pull, is capable of trenching at various depths and in a wide range of soil circumstances and was designed to minimize the environmental impact. The plough will be pulled by the recently added high-end construction vessel Boka Falcon. The Hornsea 2 offshore wind farm will consist of up to 165 turbines with a maximum capacity of 1.4GW and is located approximately 90 kilometers off the Yorkshire coast. When complete, it will be able to serve the needs of up to 1.6 million homes with clean electricity. Boskalis' strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increase in energy consumption, global population growth and the challenges that go hand in hand with climate change. This project is related to the development of generating renewable energy due to climate change and increasing energy consumption. Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 78 6969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,300 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

Read more
Back to top

Emergency response

Call SMIT 24/7 at
+31 10 454 99 11

Help us to help you.
Keep the following information at hand when you contact us in case of an emergency:
Initial info:
What? Where? When?

Type and cause of accident:
Fire – collision - grounding

Known damage:
What is the known damage? Where is it located?

Contact details:
Which contact details can we use at all times?

24/7