Boskalis Awarded Australian and Vietnamese Dredging Contracts

Royal Boskalis Westminster N.V. (Boskalis) announced today the acquisition of dredging contracts in Australia and Vietnam with a combined contract value of approximately EUR 70 million (USD $91 million).

In Melbourne, Australia, Boskalis was awarded a 4 year dredging contract for maintenance dredging by the Port of Melbourne Corporation with two options for extension, each of three years. The dredging activities, which are to commence in March 2013, relate to the maintenance of the port basin and sections of the 60 kilometers access channel. For this project a medium-sized trailing suction hopper dredger and a backhoe will be deployed for the dredging and capping of the sediment. The port of Melbourne is the largest container and cargo port in Australia.

In Vietnam Boskalis acquired a contract from a consortium led by Petrovietnam Technical Services Corporation, a subsidiary of the National Vietnamese Oil Company Petrovietnam. In Nghi Son an approach channel and port basin for a new refinery and petrochemical complex will be dredged. On completion of the dredging works vessels of 30,000 DWT will be able to access the port to service the Nghi Son refinery, which is expected to have a capacity of 200,000 barrels a day. A jumbo trailing suction hopper dredger will be deployed for the project which is expected to commence later this year. The project is expected to be completed by mid 2014.

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. These projects closely relate to both the increasing global trade and energy consumption.