Marine and offshore services firm DEME reports 2013 was a record year for their company while capitalizing on projects around the globe.
With 2013 revenues of EUR 2.53 billion, this represents an increase of 32 percent over the prior year. DEME notes yearly net profits were up 22 percent to EUR 109.1 million and will be further supported by a diversified order book of EUR 3.05 billion as of 31 December 2013.
Headquartered in Belgium, DEME has extraordinarily deep roots in the dredging business, however their company has diversified over recent years to include marine aggregates, port infrastructure, offshore wind farm installation, deep sea mining, soil remediation, sludge recycling, wreck clearance and offshore oil and gas services. Their commercial activities are spread worldwide to include, Europe, the Middle East, Australia, Africa and South America.
For DEME, their major capital projects underway are located in the Persian Gulf and offshore Australia. In Australia, this includes two massive dredging projects in support of the Western Basin LNG development in Gladstone and the Wheatstone LNG project in Onslow.
In the Persian Gulf, a joint venture between DEME, UDC and Qatar Holdings, is building a pair of islands to support offshore oil and gas production at the Satah Al Razboot field 120 kilometers offshore Abu Dhabi. Similarly, the land mass of Singapore continues to grow with the help of DEME’s DIAP (Dredging International Asia Pacific) which will be extending Jurong Island over the next five years.
DEME also highlights recent contracts awarded in France and Germany to deepen the Seine and Rhine rivers. In addition, port maintenance contracts were gained at the Port of Bayonne and Bremen. Further dredging contracts were also gained from Onne, Nigeria and Porto Sudeste in Brazil.
DEME subsidiaries GeoSea, Tideway and Scaldis – which focus on the offshore wind, offshore oil & gas, and the offshore salvage and marine contracting sectors, respectively – saw growth in 2013 due to the rapid expansion of the renewables market and offshore oil and gas sectors. For GeoSea, the next two years will include work at eight windfarm projects spreads including:
Northwind (Belgium), Baltic 2 (Germany), Godewind (Germany), Westermost Rough (UK), Borkum Riffgrund 1 (Germany), Amrunbank West (Germany), Butendiek (Germany) and Kentish Flats Extension (UK).