News

Selected filters:
Press release
Corporate news

Boskalis update share buyback

Papendrecht, 6 April 2020 In the period from 30 March up to and including 3 April, 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. As a consequence of the global developments related to the COVID-19 (corona) virus, Boskalis announced on 2 April 2020 that numerous measures were taken to focus on cash generation and preservation, including the suspending of the share buyback program as per the 3 April close of business. As per that date, 61,60% (EUR 61,2 million) of the program had been completed. An overview of the program progress from the start until 3 April 2020 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 10,000 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 COVID-19 update

Papendrecht, 2 April 2020 In view of the global developments related to the COVID-19 (corona) virus, Royal Boskalis Westminster N.V. (Boskalis) is providing an update on the way it is responding to the outbreak and the related business impact. Boskalis is taking maximum precautions to ensure the health, safety and well-being of its employees and is simultaneously taking all necessary steps to continue its business. In the affected countries and regions, Boskalis employees are working remotely from home where possible. For staff working on international projects and vessels this is not an option. Therefore, as a consequence of global travel restrictions and to ensure the business continuity and health of our colleagues, the customary crew and project staff rotations have been suspended as of 16 March. To date, precautionary measures taken by most countries have not resulted in a shut down of infrastructure projects and the import of goods vital for our projects is permitted. As a consequence, Boskalis has at large been successful in keeping its business activities operational around the world. This is only made possible through the impressive flexibility and commitment of our employees. As a proactive measure, Boskalis has increased its strong focus on cash generation and preservation. Several initiatives have been taken aimed at minimizing the non-project related out of pocket expenses, optimizing the working capital and halving the 2020 capital investment program to approximately EUR 200 million, including dry dockings. Boskalis entered the year with a record-high orderbook and a very strong balance sheet. The cash position at 31 December 2019 was EUR 400 million with a positive net cash financial position of EUR 26 million. The net financial position as per 1 April 2020 was slightly better than the cash position held at year-end and Boskalis has a financial headroom of more than EUR 950 million. With the publication of our 2019 annual results on 5 March, we stated that ‘In view of the project-based nature of a significant part of our activities along with the uncertain conditions, it is difficult at this early stage of the year to make a specific quantitative statement about the projected annual result for 2020.’  At present it is clear the COVID-19 crisis will have a negative impact on our business in 2020 but it is currently impossible to quantify this. Given this uncertainty and to preserve the strong financial position as much as possible Boskalis has decided not to schedule a dividend proposal over the financial year 2019 for the agenda of the Annual General Meeting of Shareholders (AGM) and to suspend its share buy-back program as of next week. Boskalis will publish its Q1 trading update on 13 May 2020 at 14.00 CET and will hold its AGM on 30 June 2020. Given the circumstances, Boskalis strongly urges its shareholders to exercise their voting rights via proxy. Shareholders are requested to visit the Boskalis website regularly for further updates regarding the AGM.    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
Press release
Corporate news

Boskalis postpones Annual General Meeting of Shareholders

Papendrecht, 18 March 2020 Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (AGM) will be postponed to 30 June 2020. In view of the recent developments surrounding the COVID-19 (corona) virus and Boskalis’ concern for the health of its shareholders, management, supervisory board members and employees, the AGM that was to be held on 13 May has been postponed to 30 June 2020. According to the statutory notice period, the AGM agenda will be published on 19 May 2020. Boskalis is closely following the developments and guidelines issued by the Dutch authorities with regard to the COVID-19 (corona) virus and expressly reserves the right to take any further measures with regard to the AGM, including but not limited to limiting the number of participants in the meeting, or the possible further postponement of the AGM. Shareholders are requested to visit the Boskalis website regularly for further updates regarding the AGM. ‎ 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 publishes 2019 Annual Report and Sustainability Report

Papendrecht, 5 March 2020 Royal Boskalis Westminster N.V. (Boskalis) has published both its Annual Report 2019 , which includes the new corporate business plan 2020-2022, and its Sustainability Report 2019 . The new business plan is also discussed in an online interview with Peter Berdowski, CEO Boskalis. The corporate business plan is drawn up with a clear eye on the long-term megatrends that offer both challenges and opportunities for Boskalis. These trends that shape the world in which we operate are a growing world population, growth of worldwide trade, the demand for increasingly renewable energy and climate change. As Boskalis, we contribute through our business and our activities to society and the UN Sustainable Development Goals. We do so in the areas of flood protection, creating infrastructure for trade and energy with the associated employment this generates, and advancing the energy transition to renewables. Our Sustainability Report includes the outcome of our updated materiality assessment which served as the basis to determine our sustainability focus areas. You can read more in the report about our approach, progress and targets, including our ambition to be climate neutral by 2050. The reports are available as interactive PDF documents and can be downloaded via www.boskalis.com/reports . ‎ 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
Press release
Corporate news

Boskalis full year result boosted by good second half year

Papendrecht, 5 March 2020 ‎HIGHLIGHTS 2019 Revenue: EUR 2.6 billion EBITDA: EUR 376 million EBIT: EUR 111 million Net profit: EUR 75 million Record high order book: EUR 4.7 billion Net debt-free: EUR 26 million net cash Dividend proposal: EUR 0.50 per share all cash OUTLOOK Well-filled order book for 2020 Dredging: stable market volume with stable margins Offshore Energy: gradual market recovery Towage: stable market Royal Boskalis Westminster N.V. (Boskalis) ended 2019 well after a difficult first half of the year with EBITDA of EUR 376 million, slightly above its own expectations. Net profit came in at EUR 75 million (2018: EUR 436 million loss). Revenue increased by 2.9% compared to a year earlier to EUR 2.64 billion (2018: EUR 2.57 billion). EBITDA totaled EUR 376 million and EBIT amounted to EUR 111 million, including extraordinary book profits. The 2018 EBITDA was EUR 354 million and EBIT EUR 119 million, both adjusted for extraordinary charges. The decline in the result was mainly due to a poor first half of the year for the Offshore Energy division, with operational and contractual issues at a limited number of offshore wind cable and decommissioning projects. Following a thorough analysis of the project portfolio, provisions of more than EUR 100 million were taken in the first half of the year with respect to a limited number of contracts. The result in both 2019 and 2018 was impacted by various extraordinary items. In 2019 these related to a book profit on the sale of two harbor towage joint ventures as well as the sale of equipment. In 2018 these items related to considerable non-cash impairment charges. Dredging & Inland Infra realized a healthy revenue growth of more than 6% that was fully generated outside of Europe, due in part to large projects in Oman, Singapore and Canada. The utilization of the hopper fleet was slightly less strong compared to 2018 but was still well above the average utilization rate in the industry, whereas the utilization rate of the cutter fleet was considerably higher than the previous year. EBITDA was virtually stable with a lower operational margin. Various high-profile projects were awarded in the course of 2019 that contributed to a growth in the order book. At Offshore Energy revenue declined by 2%. Despite a good second half of the year the annual result of the division was considerably lower as a result of the loss provisions taken in the first half of the year relating to offshore wind cable and decommissioning projects. The seabed intervention and survey activities made a sharp contribution to the result this past year. The transport activities continued to depend on the spot market, although in the course of 2019 concrete signs of recovery became visible for 2021 onwards. In the second half of the year Boskalis was awarded an important sizable offshore wind project in Taiwan, leading to the decision to invest in a second crane vessel. The combined result of Towage & Salvage increased despite the sale of Boskalis’ share in the Saam Smit Towage and Kotug Smit Towage joint ventures. Salvage had a busy year with the completion of two ongoing operations and the successful salvage of two tankers in the Strait of Hormuz. Combined with a large number of medium-sized and small contracts, this resulted in a higher result and stable revenue. The contribution of the remaining Towage joint ventures was higher than in 2018 but declined on balance as a result of the sale of Boskalis’ share in the Saam Smit Towage and Kotug Smit Towage joint ventures. Boskalis’ financial position remains strong and improved considerably in the second half of the year. At the end of the year Boskalis was net debt-free with a net cash position of EUR 26 million, compared to a net debt of EUR 420 million six months earlier and of EUR 131 million at the end of 2018. The solvency ratio remains high at 54%. The order book excluding our share in the order book of associates, grew by 10% to a record high of EUR 4.72 billion (year-end 2018: EUR 4.29 billion). Peter Berdowski, CEO of Boskalis: “We were able to end 2019 well after a difficult first half of the year. Due to these results and the proceeds from divestments we ended the year net debt-free. This is no small feat in light of the difficult market conditions over the past few years and the investments and acquisitions we made. A number of the Offshore Energy activities are showing signs of recovery. We are seeing a higher level of activity at survey, heavy marine transport and seabed intervention. In addition we have been awarded a strategically important offshore wind energy project in Taiwan. Due in part to this project we have decided to invest in a new, innovative crane vessel that will enable us to install extremely large foundations. This investment will further strengthen our position in the wind energy market. At Dredging we performed well under the circumstances. The fleet utilization was above-average and the order book rose sharply. In November we were awarded a sizable project in the Philippines that will enable us to provide Manila with a considerable area of new land that will also help protect against the impact of climate change. With this project we have laid a solid foundation in our fleet utilization for the next two to three years. Salvage had a very successful year with a number of high-profile operations. These included preventing a large environmental disaster in the Middle East by bringing two tankers that had been attacked by militias to safety. Furthermore we made great strides in the strategic repositioning of our company with the successful sale of the two harbor towage joint ventures and the acquisition of the marine survey company Horizon in the Middle East. In the past period we have been working hard on a new corporate business plan, which we will present later today. This will reveal the purposeful role that Boskalis can play to help tackle a number of large societal challenges in the coming decades. With the quality of our organization, vessels and most importantly our people, we look to the future with confidence.” Market developments The development of macro trends relevant to Boskalis is positive in the long term. The structural growth and rising prosperity of the global population that increasingly lives in coastal areas drives demand for infrastructure, raw materials and energy and stimulates global trade. Climate change necessitates massive investments in the energy transition away from fossil fuels towards renewable energy sources. Despite all the measures aimed at emission reduction, emissions will rise further in the medium term and the damaging effects of climate change will continue to grow in the coming decades. Adequately addressing these effects through adaptive measures requires huge investments. Collectively these macro trends are propelling demand for maritime infrastructure and as such are key drivers of sustainable growth for our activities. The new Corporate Business Plan 2020-2022 takes a detailed look at the development of our business drivers and how these translate into our end-markets. Despite the short-term challenges Boskalis is positive about the chances and opportunities for the medium and long term. We see plenty of scope for further expansion of the business; opportunities at Dredging & Inland Infra, as well as Towage, but especially in the offshore wind segment at Offshore Energy as well as the traditional oil and gas markets. The new Business Plan is discussed in greater detail in the Annual Report 2019 that is published later today, Thursday 5 March. Outlook The market outlook for 2020 is more favorable compared to the start of 2019. At Dredging & Inland Infra we are seeing a stable volume of work in the market in the short term, with the projects in the order book providing a solid basis for revenue and fleet utilization in 2020. However, the market continues to be competitive and the emphasis for Boskalis is on maintaining utilization at a responsible level of project risk. The picture for the Offshore Energy market is gradually becoming more positive. The contribution of wind energy projects is expected to be positive and seabed intervention is expected to have a reasonable year. Survey is expected to have another good year and will grow due to the consolidation of Horizon. 2020 will be a year of transition for Transport as it emerges from several quiet years to an improving market in 2021 and 2022. At Towage & Salvage the remaining joint ventures (Smit Lamnalco and Keppel Smit Towage) are expected to have a stable year. The annual result of Salvage will largely depend on the inherently unpredictable supply of work and the completion of projects from the past. In view of the project-based nature of a significant part of our activities along with the uncertain conditions, it is difficult at this early stage of the year to make a specific quantitative statement about the projected annual result for 2020. As a result of two coinciding large investments, relating to the mega cutter Krios and the Bokalift 2, capital expenditure is expected to be around EUR 400 million in 2020, excluding the purchase of the remaining stake in Horizon and any possible acquisitions. The financial position is extremely solid and Boskalis comfortably meets its financial covenants. Dividend policy and dividend proposal The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of net profit from ordinary operations as dividend, while pursuing a stable long-term development of dividend. The choice of dividend form (in cash and/or fully or partly in shares) takes into account the company’s desired balance sheet structure as well as the interests and wishes of the shareholders. Given the robust balance sheet, in setting the amount of the dividend for 2019 it was decided to maintain a stable dividend and in doing so pay out more than the ratio formulated in the policy. Boskalis will therefore propose to the Annual General Meeting of Shareholders on 13 May 2020 that a dividend of EUR 0.50 per share be distributed fully in cash, equal to approximately 88% of the net profit. The dividend will be made payable from 25 May 2020. >>> click here for the full version of the 2019 financial review including all the financial details

Read more
Press release
Corporate news

Boskalis and Wetlands International to explore the potential of blue carbon

Papendrecht, 3 February 2020 ‎ Royal Boskalis Westminster N.V. (Boskalis), a global dredging and marine contractor and Wetlands International, the global NGO dedicated to the safeguarding and restoring of wetlands, will intensify collaboration to enhance and restore coastal wetland habitats that not only support coastal protection and fisheries but store some of the world’s largest quantities of carbon. The recently signed agreement will see the organizations first focus on developing the expertise and knowledge of ‘blue carbon’ ecosystems that can contribute to climate targets, adaptation and biodiversity conservation. ‘Blue carbon’ refers to the carbon stored by the world's coastal ecosystems, mostly mangroves, salt marshes and seagrasses. With increasing risks of flooding and erosion, the impacts of climate change on coastal systems and communities are becoming ever more apparent. The dredging sector has a large role to play in safeguarding these areas, providing innovative ways to protect coastlines and introducing adaptive measures. Jane Madgwick, Chief Executive Officer of Wetlands International said: “ As natural coastal protection, carbon and water stores, wetlands are vital in helping communities and nature deal with the effects of climate change. Together with Boskalis, we aim to further develop our blue carbon knowledge and expertise to help nature-based approaches become best practice across the maritime and dredging sector. ” Theo Baartmans, Board Member and Chief Operating Officer, Boskalis: “ As a leader in the industry, Boskalis is keen to further develop nature-based solutions to protect and enrich coastal ecosystems from the consequences of climate change. By collaborating with Wetlands International we can combine our respective areas of expertise to protect and further enhance coastal wetland habitats in terms of biodiversity whilst simultaneously utilizing their potential to store carbon. ” Boskalis and Wetlands International have worked together for several years as active members of Ecoshape, a pioneering consortium developing ‘building with nature’ principles to support nature-based flood defenses, coastal restoration, resilient deltas and sustainable ports. Such principles prioritize the use of natural processes and materials such as sediment flow and mangrove restoration to meet society's need for infrastructure. Noteworthy projects undertaken together include the ‘ Building with Nature Indonesia ’ program, where mangrove rehabilitation and nature-based coastal protection provide a foundation for local economy and community development. Boskalis and Wetlands International are committed to strengthening the knowledge base and sharing the learnings from the collaboration with the sector as a whole. - End of joint press release - Additional information: Coastal ecosystems such as mangrove forests, seagrass meadows, and tidal salt marshes are important habitat for all kinds of species. These ecosystems contribute a major part of people’s livelihoods and maintain water quality. Their conservation and restoration are gaining interest, not only in terms of biodiversity value, but as climate buffers, providing a cost-effective way to both take carbon out of the atmosphere while ensuring communities and nature can adapt to the impacts of climate change. Building with Nature Indonesia was developed by Wetlands International with the Indonesian Ministry of Marine Affairs and Fisheries, the Indonesian Ministry of Public Works and Housing and Boskalis as part of the Ecoshape consortium. The program is supported by the Dutch Sustainable Water Fund and The Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) as part of the International Climate Initiative (IKI)). World Wetlands Day, organized by the Ramsar Convention on Wetlands, was celebrated on 2 February. This year’s theme is wetlands and biodiversity. For further information, please contact: Arno Schikker, Manager Corporate Communications, Boskalis: arno.schikker@boskalis.com Gina Lovett, Global Head of Communications & Advocacy, Wetlands International: gina.lovett@wetlands.org This press release can also be found on our website  www.boskalis.com .

Read more
Press release
Corporate news

Incident on board of FPSO in transit on Vanguard

Papendrecht, 9 January 2020 ‎Earlier this week, an incident occurred on board of the FPSO which is currently being transported by the Vanguard from China to Brazil. During the journey a contractor, designated by the yard, is conducting preservation works on board of the FPSO. These works are part of the pre-delivery activities by the yard before the FPSO is delivered to the operator in Brazil later this month. Six persons employed by the designated contractor, all with the Brazilian nationality, illegally consumed a cleaning liquid found on board of the FPSO. This liquid is a substance customarily used for degreasing purposes, presumably containing a mixture of ethanol and the severely toxic methanol. The affected persons reported this to our crew approximately 36 hours after consumption at which point serious signs of illness were becoming apparent. Swift and immediate action was taken by our crew. The Vanguard changed course towards the coast of South Africa and a medical evacuation by helicopter was organized. Regrettably one of the affected individuals passed away before the medical assistance was on site. The remaining five persons were successfully evacuated, hospitalized in Durban, South Africa and are successfully recovering from the intoxication. Boskalis expresses its deepest condolences to the family and loved ones of the deceased person. Boskalis would like to stress that it has a strict zero tolerance policy with regard to alcohol on its offshore vessels. The FPSO and Vanguard have recently resumed their journey to Brazil. 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 10,000 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 awarded sizable FSRU contract in El Salvador

Papendrecht, 23 December 2019 Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable (1) contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador. The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021. ‎ The project entails the construction of a two-kilometer-long gas pipeline connection from the onshore power plant to an offshore FSRU including the mooring and hook-up. This will include the construction of a micro tunnel from the power plant into the sea followed by the dredging of an offshore pipeline trench. With the aid of a construction support vessel (CSV) Boskalis will pull the 24 inch pipeline through the micro tunnel and trench. At the offshore location, a riser will be installed to connect the FSRU to the pipeline, in addition to an anchor spread with 11 anchors to permanently moor the FSRU in position. The final phase of the project involves the physical mooring of the FSRU and the FSRU hook-up. For these activities Boskalis will deploy a CSV, a medium-sized trailer suction hopper dredger and a backhoe dredger. With the development of this thermal powerplant, EDP will contribute to the diversification of the energy mix of El Salvador with an improved performance and reduced environmental impact. The lead project partner is Invenergy, a US-based leading global developer and operator of sustainable energy solutions, as well as several local investors. (1) For Boskalis, “sizable” refers to a contract with a value of EUR 50 – EUR 150 million. https://boskalis.com/ir/ir-policy.html 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 10,000 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, 23 December 2019 In the period from 16 December up to and including 20 December, 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 . ‎ 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 10,000 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