Boskalis Terminates Low-End Transport Activities Amid Heavy Losses

Dutch marine services company Boskalis will be terminating its loss-making low-end transport activities. The announcement came this week as Boskalis revealed a lower operating result in the first half of 2018 compared to the same period last year. Boskalis reported a net operating profit of EUR 34.5 million in the first half of 2018, compared to net operating profit of … [Read more...]

Boskalis Trims Holding in Fugro, Causing Shares to Sink

AMSTERDAM, Dec 5 (Reuters) - Shares in Dutch deep-sea prospector Fugro fell 4.5 percent on Monday after larger rival Boskalis announced that it had trimmed its holding in the company. A statement from dredging and marine engineering company Boskalis said that its holding in Fugro now stands at 24.9 percent. Boskalis had built a stake of as much as 28.6 percent at the end of … [Read more...]

Boskalis Taking 24 Vessels Out of Service

Dutch marine contractor Boskalis announced Monday that it is moving ahead with its plan to take two dozen vessels out of service and layoff hundreds of workers after its work council approved the plan. The plan, which will take place over the next two years, will see 24 vessels taken out of service resulting in the loss of 650 jobs worldwide. The plan is expected to kick off … [Read more...]

Boskalis to Take 24 Vessels Out of Service, Cut 650 Jobs

Dutch marine services provider Royal Boskalis Westminster has announced plans to cut approximately 650 jobs worldwide over the next two years as it takes 24 vessels out service. The job cuts come following an internal fleet rationalization study undertaken in light of deteriorating market conditions and an expected prolonged period low energy and commodity prices. The 24 … [Read more...]

Boskalis Completes Strabag Wasserbrau Acquisition

Royal Boskalis Westminster N.V. announced that it completed the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The deal, valued at €70 million, included the equipment, personnel and relevant contracts of STRABAG Wasserbau. "The most important assets are two young trailing suction hopper dredgers with a capacity of 7,350 m3 each, a large … [Read more...]