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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 .

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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 .

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Boskalis: Strong operational half year and positive outlook

Papendrecht, 24 August 2021 KEY FIGURES FIRST HALF YEAR 20 21 Revenue: EUR 1.32 billion  (H1 2020: EUR 1.26 billion) EBITDA: EUR 226 million  (H1 2020: EUR 204 million) Net profit: EUR 72 million  (H1 2020: loss EUR 96 million) Order book: EUR 5.53 billion  (End of 2020: EUR 5.31 billion ) OUTLOOK SECOND HALF OF 20 21 Dredging: busy second half of the year with good fleet utilization Offshore Energy: similar picture to the first half of the year Towage & Salvage: Towage stable. Salvage operationally unpredictable; no major settlement results EBITDA outlook second half year: in line with first half year Royal Boskalis Westminster N.V. (Boskalis) has concluded a good half year with a strong increase in earnings despite ongoing COVID-19 related restrictions.  Compared to last year, revenue increased by 4.6% to EUR 1.32 billion (H1 2020: EUR 1.26 billion). Adjusted for (de)consolidation and currency effects, revenue growth was 2.7%. EBITDA increased by 10.8% to EUR 226 million (H1 2020: EUR 204 million) and operating profit increased by 34.1% to EUR 97 million (H1 2020: EUR 72 million). Net profit amounted to EUR 72 million compared to a net loss of EUR 96 million a year ago. There were no exceptional gains or losses in the first half of the year, where the first half-year result 2020 included exceptional charges of EUR 144 million after tax. In the Dredging & Inland Infra segment, revenue decreased by 2.6% compared to the same period last year with a slightly lower result. This development is partly due to continuing COVID-19 related travel restrictions and quarantine measures resulting in operational inefficiencies on certain large projects. Furthermore, maintenance schedules for the mid- to large sized trailing suction hopper dredgers were brought forward to the second quarter, resulting in higher operational costs and a lower availability. In view of the well-filled order book and busy schedules, it was decided to bring forward part of the maintenance planned for the second half of the year and carry it out in the first half. The largest revenue contribution came from projects in Southeast Asia, the Indian subcontinent, Canada, Denmark and the Dutch market. At Offshore Energy, revenue increased by more than 18% with a significantly higher result. Contracting revenue was virtually stable, with the revenue growth being on the services side of the business. Both Marine Transport & Services and Subsea Services had a good first half year and the integration of the recently acquired Rever Offshore also contributed significantly to the revenue growth. Across the board, the various activities contributed to the good divisional result, with in particular a good half year for the offshore wind projects and Subsea Services. Within the Towage & Salvage division, Salvage successfully completed a number of high-profile assignments, including the refloating of the Ever Given in the Suez Canal and the recovery of the Eemslift Hendrika off the coast of Norway. Despite this, the first half of the year was relatively quiet, especially compared to the exceptionally busy 2020. Despite a lower revenue, the divisional result increased substantially. In addition to a good half year at Towage, this is primarily due to a substantial settlement result at Salvage relating to an emergency response assignment operationally completed in 2019. The customary holding and unallocated group costs increased compared to 2020, however are still at a low level due to a wide range of COVID-19 related cost-saving measures. The net cash position decreased in line with expectations but the financial position is still very strong. The exceptionally high net cash position at year-end 2020 declined to EUR 213 million, primarily as a result of investments, the payment of dividend, the share buyback program and a normalization of working capital. With the available cash and bank facilities, Boskalis has a direct financing capacity in excess of EUR 1 billion. Solvency remains high at 50% and Boskalis comfortably meets its financial covenants. The order book increased by over 4% to a new record high of EUR 5.53 billion (year-end 2020: EUR 5.31 billion). The largest increase in the portfolio took place in Dredging & Inland Infra, within Europe. Among other things, the project Meanderende Maas, which is part of the national Flood Protection Program in the Netherlands was acquired and substantial infrastructure projects were won in the United Kingdom and Belgium. With the projects in the order book, a significant part of the revenue for 2021 has been secured and there is a very solid basis for the years thereafter. Peter Berdowski, CEO Boskalis: “ We can reflect on a strong first half year with a substantial increase in earnings . Certainly in light of the still restrictive COVID-19 measures, worldwide, this is a major achievement. Our Dredging activities are most affected by the ongoing travel restrictions and stringent quarantine measures. Especially in Southeast Asia, COVID-19 still poses many challenges on a daily basis. Closer to home, we have been able to do a lot of work in the Netherlands and we are in full swing with the dredging work for the construction of the Fehmarnbelt tunnel that will connect Germany and Denmark. In terms of the outlook , the vessel schedule looks promising ly busy with the imminent start of major work in the Philippines. In view of the expected high fleet utilization, we have carried out extra maintenance in the first half of the year so that the hoppers are fully available to work . Offshore Energy had a very strong half year continuing the upward trend of last year. Offshore wind, accounting for 43% of revenue, contributed well to the result. In addition, we see that the contribution from services has further increased. Both heavy transport and subsea services were busy and the activities acquired from Rever Offshore at the end of 2020 made an excellent contribution. The integration of Rever within Boskalis is progressing very well and is exceeding our own expectations financially . M any people will associate early 2021 with that moment when the economic artery through Egypt was suddenly blocked by the Ever Given. Worldwide billions of people followed in suspense as to whether our salvage colleagues would succeed in refloating the “ stranded whale ” . Like in a n adventurous novel they worked under extreme pressure on different scenarios to refloat the gigantic container ship as quickly as possible. Finally, after six long and intens e days, they succeeded. This brought an end to the blockade of the Suez Canal and the hundreds of waiting ships could continue their journey. A unique feat of craftsmanship combined with exemplary cooperation with the local authorities. Another commendable achievement is the new record high level of the order book. At over EUR 5.5 billion, it provides a healthy foundation of work and fleet utilization for the coming years , permitting us to also be more selective when acquiring new projects . Thus, we look forward with more confidence to the second half of the year and the years to come. We will soon start with the update of our new corporate business plan, 2022-2024. An important pillar of this plan will be our vision on how we can contribute to tackling the effects of climate change, both in the context of mitigating and adaptive measures . What is certain is that Boskalis is entering a good period of economic prosperity and we see plenty of opportunities to make a highly relevant contribution to the major social challenges of our time. ” Outlook After an operationally strong first half of the year and in view of the order book, Boskalis is in good shape. The second half of the year will certainly still be affected by stringent COVID-19 restrictions impacting the execution and start-up of projects, particularly in the Far East. At Dredging & Inland Infra, work volume and fleet utilization are expected to increase, partly due to upcoming work in the Philippines, in addition to major ongoing projects in Singapore, Denmark and the Netherlands. At Offshore Energy, the portfolio provides a good basis for a stable second half of the year. In contracting, the successful completion of the first installation campaign on the Changfang & Xidao offshore wind project in Taiwan is important. In services, despite COVID-19, the outlook at Marine Transport & Services is favorable and the offshore wind market is providing a lot of work across the division. Towage & Salvage; for Towage a stable outlook is expected whilst for Salvage a significantly lower result is expected in the second half of the year after an exceptional settlement result in the first half. The Board of Management expects, based on fleet planning and works in portfolio, and barring unforeseen (COVID-19) circumstances, that the EBITDA level of the second half of the year will be in line with that of the first half. For the whole of 2021, a capital expenditure of approximately EUR 375 million is expected including dry-dockings and four recently acquired offshore support and survey vessels. This does not include any acquisitions. This amount is in line with the multi-year investment program presented at the beginning of 2020 in which part of the planned investments for 2020 were postponed to 2021 and 2022. The largest investment for this year is the conversion of the crane vessel, the Bokalift 2, which upon completion will immediately start on an offshore wind project. >>> click  here  for the full version of the 2021 half year report including all the financial details

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Boskalis awarded contract for deepening the approach channel to harbor of Harwich, UK

Papendrecht, 21 July 2021 Boskalis has secured the contract for the Harwich Haven approach channel and inner harbor deepening by the Harwich Haven Authority. The contract carries a value of approximately EUR 140 million, split 50/50 between Boskalis and Van Oord. The project entails the deepening of the approach channel and inner harbor from minus 14.5 to minus 16 meters to allow unimpeded access of the latest generation container vessels to Harwich Haven and the Port of Felixstowe. For this purpose a total of 15 million cubic meters of silt, sand and clay will be dredged by a jumbo trailing suction hopper dredger and a large backhoe dredger. The dredged material will be deposited in a designated area offshore. Specialist equipment will be deployed to remove large boulders from the seabed. The dredging activities will commence immediately with a project duration of maximum two years. The consortium of Boskalis and Van Oord will reduce its CO2 emissions significantly on this project by using a sustainable biofuel. Boskalis’ strategy is aimed at leveraging on key macro-economic factors that 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 driven by the trend towards larger vessels with a deeper draft to facilitate increasing global trade. 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 .  

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Boskalis Annual General Meeting of Shareholders adopts resolutions

Papendrecht, 12 May 2021 Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (the Meeting) adopted the 2020 annual financial statements today. The Meeting discharged the members of the Board of Management for their management as well as the Supervisory Board for their supervision.   Dividen d The Meeting approved the proposed dividend of EUR 0.50 per share in cash. The shares will be quoted ex-dividend on 14 May, with the dividend being made payable on 24 May. Appointment of external accountant The Meeting approved the appointment of KPMG as the company’s auditor as from the 2022 financial year. All other voting items were also adopted. Updated Financial Agenda Note : the publication of the 2021 half-year results has been changed to Tuesday 24 August at 07.00 CET. 2021-2022 FINANCIAL AGENDA 12 May 2021 Annual General Meeting of Shareholders 14 May 2021 Ex-dividend date 17 May 2021 Record date for dividend entitlement (after market closes) 24 May 2021 Dividend payment date 24 August 2021 Publication of 2021 half-year results (new date) 12 November 2021 Trading update third quarter 2021 10 March 2022 Publication of 2021 annual results 12 May 2022 Trading update first quarter 2022 12 May 2022 General Meeting of Shareholders 18 August 2022 Publication of 2022 half-year results 11 November 2022 Trading update third quarter 2022 ‎ 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 .

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Boskalis first quarter in line with expectations

Papendrecht, 12 May 2021 The market picture and developments in the first quarter at Royal Boskalis Westminster N.V. (Boskalis) are in line with expectations as outlined at the announcement of the 2020 annual results. HIGHLIGHTS FIRST QUARTER 2021 Revenue virtually stable compared to Q1 2020 with a higher result Effects of the COVID-19 pandemic continue to be felt throughout the operation Reasonable fleet utilization in both Dredging and Offshore Energy Further increase in order book to record level of EUR 5.6 billion Sustained strong financial position; net cash position of EUR 275 million and a directly available financial headroom of more than EUR 1 billion OPERATIONAL PERFORMANCE When the 2020 annual results were announced, the expectation was that the first half of 2021 would be reasonably stable as a result of the COVID-19 related restrictions with a gradual improvement in the second half of the year. The first quarter developments were in line with this expectation. Compared to the same period last year, revenue was almost stable with a higher result. The utilization of the large vessels (hopper fleet at Dredging and heavy marine transport vessels at Offshore Energy) was almost stable compared to the 2020 full year level. The order book position at the end of the quarter increased by approximately EUR 270 million compared to the record level at the end of 2020 to EUR 5.6 billion. The net cash position decreased in line with expectations but the financial position is still very solid. Dredging & Inland Infra Revenue at the Dredging & Inland Infra division decreased compared to the first quarter last year, mainly due to the timing of certain projects in the Netherlands and COVID-19 related operational disruptions. Noteworthy projects in progress included LNG Canada, Pulau Tekong Polder and Tuas Terminal 2 (both in Singapore), Fehmarnbelt tunnel (between Denmark and Germany), Romanian Beaches and the sizable Markermeerdijken project from the Dutch national Flood Protection Program, as well as several other medium-sized projects in the Netherlands. The utilization of the hopper fleet was at a similar level to the 2020 full year rate and therefore good given the circumstances. The two large cutter suction dredgers were idle in the first quarter in line with expectations with anticipated deployment as from the summer in the Philippines and Singapore respectively. In the first quarter, the investment decision was taken to lengthen the trailing suction hopper dredger Oranje. This investment is part of the corporate business plan presented last year. For the extension, the Orange will be taken out of service for four months in the second half of 2021, after which the vessel will return to service in the first quarter of 2022 with approximately 33% percent more loading capacity with a hopper capacity of approximately 21,000 cubic meters. The Dredging & Inland Infra order book increased slightly compared to the end of 2020. The largest project addition related to the Oosterweel link in Belgium, in addition to a variety of port and energy projects (both LNG and offshore wind). After the end of the quarter, the provisional award was received for the extensive Meanderende Maas dike reinforcement project, which is also part of the aforementioned Dutch Flood Protection Program. Offshore Energy The first quarter at Offshore Energy proceeded in line with expectations with a slightly higher revenue level compared to the first quarter 2020. The contracting part of the division consists of Seabed Intervention, Heavy Lifting (including offshore wind foundations) and Subsea Cables. At Seabed Intervention, the main revenue contribution came from a Floating Storage and Regasification Unit project in El Salvador as well as the Yunlin offshore wind project in Taiwan. Subsea Cables had a relatively busy quarter with projects including Ostwind 2 and Morray East in progress. At Heavy Lifting, engineering preparations are in full swing for the Changfang & Xidao project that will enter its execution phase in Taiwan later this year. The services part of the division consists of Marine Transport & Services, Subsea Services and Marine Survey. At Marine Transport, the BOKA Vanguard was fully utilized with the transport of the Argos Floating Production Unit. The utilization of the rest of the fleet showed a mixed picture, partly due to the rescheduling of a project into the second half of the year. On balance, the utilization of the heavy marine transport vessels was fractionally lower compared to 2020 full year. At Marine Survey, revenue decreased compared to early last year following an exceptionally busy first quarter 2020 in the Middle East. At Subsea Services, the acquisition of Rever Offshore at the end of 2020 and the associated fleet expansion contributed to a substantial growth in revenue. Significant steps were taken in the quarter with the integration of Rever Offshore contributing positively to earnings. A number of vessels were recently added to the Offshore Energy fleet. In early January, this was the Boka Tiamat, a multi-purpose offshore construction vessel. This vessel will initially be used for offshore wind projects in Taiwan. In late March, the Lewek Fulmar was acquired, the sister vessel of the Boka Falcon that was added to the fleet in 2019. In early April, the large CSV Southern Ocean was acquired. The vessel can be deployed on a broad variety of projects throughout the division. At Marine Survey, the new geophysical survey vessel the Ocean Resolution was commissioned and has been in full operation since the first quarter. Furthermore, two vessels were recently purchased that will be converted in the coming months into respectively a geotechnical (Horizon Geodiscovery) and a geophysical (Ocean Geograph) survey vessel. Finally, the conversion of the Bokalift 2 crane vessel is progressing well. The vessel will be deployed on the Changfang & Xidao wind project immediately upon completion. A wide variety of new projects were taken on in the quarter and the Offshore Energy order book increased by approximately 10 percent compared to the end of 2020. The share of offshore wind projects in the order book is approximately 50 percent. Towage & Salvage At Salvage the start of 2021 was marked by several challenging projects, including the salvage of the VLCC New Diamond, the refloating of the Ever Given in the Suez Canal and the salvage of the freighter Eemslift Hendrika. Salvage revenue was at a similar level compared to the first quarter of 2020. The contribution of the Towage joint ventures was higher than last year due to a combination of factors. FINANCIAL POSITION The exceptionally high net cash position of EUR 439 million at year-end 2020 decreased by almost EUR 165 million to EUR 275 million, largely due to capital expenditures, the share buyback program and a normalization of the working capital level. With the available cash and bank facilities Boskalis has a directly available financial headroom of more than EUR 1 billion. The company thereby comfortably meets its financial covenants. OUTLOOK Boskalis is in good shape with its historically high order book and strong financial position. As indicated at the publication of the 2020 annual results in early March, 2021 will be largely determined by the further course of the COVID-19 pandemic impacting the start-up of several large international projects in the second half of this year. Given these uncertainties and the project-based nature of a significant part of our activities, it is difficult to make quantitative statements about the 2021 annual result. However, with the developments in the first quarter and the well-filled order book, there is a solid basis to match the EBITDA of 2020 this year. Capital Expenditure in 2021 is expected to amount to approximately EUR 350 million including dry dockings, but excluding any acquisitions. Adjusted Financial Calendar Note: the publication date of the half-year results 2021 has been changed to Tuesday 24 August, 07.00 CET.‎ 202 1-2022 FINANCIAL AGENDA 12 May 2021 Annual General Meeting of Shareholders 14 May 2021 Ex-dividend date 17 May 2021 Record date for dividend entitlement (after market closes) 24 May 2021 Dividend payment date 24 August 2021 Publication of 2021 half-year results ( new date ) 12 November 2021 Trading update third quarter 2021 10 March 2022 Publication of 2021 annual results 12 May 2022 Trading update first quarter 2022 12 May 2022 General Meeting of Shareholders 18 August 2022 Publication of 2022 half-year results 11 November 2022 Trading update third quarter 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 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 .  

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