Follow us on LinkedIn

Our corporate news overview

Selected filters:
Press release
Corporate news

Boskalis receives EUR 450 million offshore wind project

Papendrecht, 15 November 2021 Boskalis has been awarded a contract for the transportation and installation of the monopile foundations and substations for an offshore wind farm development with a value of approximately EUR 450 million. Boskalis’ successful track record in offshore wind energy is founded in Europe and has expanded to Asia in recent years and more recently to the US East Coast. Boskalis’ unique offering of marine transport and installation capabilities through its state-of-the-art Bokalift 1 and Bokalift 2 crane vessels and versatile heavy transport fleet are ideally suited for large-scale offshore wind projects. This contract ties-up one year of crane vessel utilization days in addition to the equivalent of two years of heavy transport vessels. Engineering and pre-construction work has already commenced and project execution is scheduled to commence in 2023. Boskalis’ strategy is aimed at leveraging on 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.‎ This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). 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 (Keppel Smit Towage and Smit Lamnalco ). With a versatile fleet of more than 650 vessels and floating equipment and 9, 9 00 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
Corporate news

Boskalis and Keppel to sell KST and Maju to Rimorchiatori Mediterranei

Papendrecht, 15 November 2021 Boskalis and its co-shareholder KS Investments Pte. Ltd. (Keppel) have signed an agreement relating to the sale of their harbor towage activities in Singapore and Malaysia to Rimorchiatori Mediterranei S.p.A. The sale transaction relates to Keppel Smit Towage Private Limited (KST) and Maju Maritime Pte Ltd (Maju). Under the terms of the agreement, Boskalis expects to receive approximately EUR 80 million in cash for its 49% equity stake. The contribution of KST/Maju to the net profit of Boskalis over the last two years was EUR 4 million per annum. Keppel Smit Towage (KST) was established in 1991 as a joint venture between Keppel and SMIT, a wholly-owned subsidiary of Boskalis. Over the past thirty years, KST has developed into one of the largest and leading harbor tug service providers in Southeast Asia. KST operates a combined fleet of 58 tug boats in Singapore and through its joint venture in Malaysia. The sale of KST follows the strategic decision taken by Boskalis in 2019 to divest its harbor towage activities. Boskalis divested its stakes in Saam Smit Towage and Kotug Smit Towage in 2019. Rimorchiatori Mediterranei S.p.A. is a subsidiary of Rimorchiatori Riuniti Group, a leading maritime service provider headquartered in Genoa, Italy established in 1922. Rimorchiatori Mediterranei operates a fleet of more than 100 modern vessels in more than 20 major ports employing approximately 900 people. The agreement is subject to approval from the regulatory agencies in Singapore and the transaction is expected to close in the first half of 2022. 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). 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 (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 9,600 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
Corporate news

Trading update: Boskalis maintains 2021 EBITDA guidance

Papendrecht, 12 November 2021 THIRD-QUARTER HIGHLIGHTS Busy quarter with an increase in revenue Higher utilization in both Dredging and Offshore Energy Salvage: exceptionally quiet quarter Order book: EUR 5.1 billion Solid stable net cash position OUTLOOK FOR 202 1 Dredging: busy second half of the year with high hopper fleet utilization Offshore Energy: stable market picture in line with first half year Towage & Salvage: Towage stable picture; Salvage quiet second half year EBITDA guidance maintained: second half year in line with first half year Royal Boskalis Westminster N.V. (Boskalis) has closed a busy third quarter. In line with expectations, quarterly revenue was higher than the quarterly average for the first half year. In the past quarter, projects continue to be affected to a greater or lesser extent by the consequences of the COVID-19 pandemic. International travel and entry restrictions make it as challenging as ever to keep projects and vessels operational, especially in the Far East, where the additional costs due to COVID measures are weighing heavily on the margins of certain projects. Nevertheless, Boskalis was once again successful in executing projects in the past quarter, with a higher vessel utilization. The order book stood at EUR 5.1 billion at the end of September, down from the record level at the end of June. Over EUR 0.3 billion worth of contracts were acquired in the third quarter. The order book is still very well filled thereby offering a solid foundation for the rest of this year and the period thereafter. Boskalis is maintaining its EBITDA guidance for the full year 2021. Barring unforeseen circumstances, the EBITDA level in the second half of the year will be in line with the EUR 226 million achieved in the first half. The financial position of Boskalis remains very solid and the net cash position of EUR 210 million is virtually unchanged compared to mid 2021.  Operational developments. The third quarter at Dredging & Inland Infra proceeded in line with expectations. Numerous projects in Asia (mainly in the Philippines and Singapore), Denmark and the Netherlands contributed well to revenue. The hopper fleet was very well utilized in the third quarter and the cutter fleet was also busier compared to the first half of the year. Quarterly revenue increased compared to the quarterly average for the first half of the year. A variety of smaller projects were acquired during the quarter. In addition to numerous variation orders, new projects were primarily acquired in Europe, the Middle East and Asia. On balance, the Dredging & Inland Infra order book declined slightly compared to mid-year 2021. Within Offshore Energy , the third quarter proceeded well. Offshore wind projects in Taiwan and Europe contributed significantly to revenue within the contracting cluster. In the services cluster, Marine Transport & Services contributed significantly and Subsea Services, partly due to the integration of Rever Offshore, maintained the strong performance from the first half of the year. The utilization of the heavy transport vessels was fractionally lower compared to the first half of the year, while the rest of the fleet (diving support-, crane-, survey-, cable laying- and fall pipe vessels) was better utilized. During the quarter, new contract awards were largely related to the services activities (transport, subsea services and survey). On balance, the Offshore Energy order book decreased compared to mid 2021. Within the Towage & Salvage segment, Salvage experienced an exceptionally quiet third quarter after a financially very strong first half year. In Towage, the contribution of the towage joint ventures was in line with the quarterly operational contribution of the first half year. Financial position Boskalis’ strong financial position did not change significantly during the quarter. The EUR 100 million share buyback program was completed mid-September and the ongoing investment program, including the new Bokalift 2 crane vessel, is proceeding in line with expectations. The net cash position is virtually stable at EUR 210 million, excluding IFRS16-related lease obligations. With the available cash and cash equivalents plus bank facilities, Boskalis now has a readily available financing capacity in excess of EUR 1 billion. Outlook Based on projects in execution and the order book, Boskalis is in good shape. Nevertheless, the consequences of stringent COVID-19 restrictions, particularly in the Far East, play an important role and the definitive start of the sizable project in the Philippines is of great importance. For 2021, based on fleet planning, projects in the order book and barring unforeseen (COVID-19) circumstances, the Board of Management expects the EBITDA level of the second half of the year to be in line with the EUR 226 million from the first half of the year. For 2021, capital expenditures are expected to amount to approximately EUR 375 million, including dry-dockings and the offshore support and survey vessels already acquired earlier this year. This does not include any acquisitions. ‎ FINANCIAL CALENDAR 10 March 2022 Publication of 2021 annual results 12 May 2022 Trading update on first quarter of 2022 12 May 2022 Annual General Meeting of Shareholders 18 August 2022 Publication of 2022 half-year results 11 November 2022 Trading update on third quarter of 2022 Consensus Estimates Boskalis collects earnings estimates from those sell-side analysts that follow Boskalis prior to the publication of the (semi-)annual figures and planned trading updates. The average of these estimates (consensus estimates) can be consulted on the Boskalis website boskalis.com/IR/estimates ‎ 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 (Keppel Smit Towage and Smit Lamnalco ). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 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
Corporate news

Boskalis acquires inter-array cabling contract for Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms

Papendrecht, 10 November 2021 Boskalis announces that it has been awarded an inter-array cable installation contract by Ørsted for the German Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms. The contract includes the transport, installation and burial of a combined total of 106 inter-array cables. The project will be executed with the Boka Ocean cable laying vessel. This 136-meter-long vessel was acquired earlier this year and will be equipped with a 4,000-ton turntable. Project preparations will commence shortly with cable installation activities scheduled for early 2024. The Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms will have a capacity of 900 MW and 242 MW respectively. Both wind farms are located off the northern coast of Germany in the North Sea. Combined, these two offshore wind farms are expected to deliver green renewable energy to approximately 1.2 million German households. The award of the contract is subject to a final investment decision by Ørsted. Boskalis’ strategy is aimed at leveraging on 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. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 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 (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 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
Corporate news

Boskalis completes EUR 100 million share buyback program

Papendrecht, 16 September 2021 Royal Boskalis Westminster N.V. (Boskalis) announces the completion of its EUR 100 million share buyback program. During the program, a total number of 4,742,928 shares were repurchased at an average price of EUR 21.08 per share. The program commenced on 18 March 2019 and was completed on 15 September 2021 including a temporary suspension in 2020 due to COVID-19 related uncertainties during that period. The program was executed on behalf of Boskalis by ING Bank N.V. A complete overview of all individual transactions can be found on www.boskalis.com . The buyback program was aimed at reducing the issued share capital. The current issued share capital of Boskalis consists of 130,277,832 ordinary shares of which 952,934 is treasury stock held by the company. This is a Boskalis press release on the grounds of article 17 paragraph 1 of the European Market Abuse Regulation (596/2014). 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 (Keppel Smit Towage and Smit Lamnalco ). With a versatile fleet of more than 700 vessels and floating equipment and 9,600 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
Corporate news

Boskalis update share buyback

Papendrecht, 13 September 2021 In the period from 6 September up to and including 10 September, 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/sharebuyback2019-2020 .‎ FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 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 (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 700 vessels and floating equipment and 9,600 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