Boskalis acquires contract for long term maintenance dredging works
October 31 2017 - 6:00AM
Papendrecht, 31 October 2017
Royal Boskalis Westminster N.V. (Boskalis)
together with a Cypriot partner, has been awarded a contract for
long term maintenance dredging works in the Middle East. Boskalis
and its partner will develop and build an electrical cutter suction
dredger for these works that are set to commence shortly after the
commissioning of the vessel in 2019. The annual revenue amounts to
approximately EUR 25 million over an eleven year period.
The cutter suction dredger will be fully
electrically powered through an onshore 33kV powerline connection.
The 100-meter-long shallow water vessel will have a capacity of
1,000 kW, allowing it to pump the dredged material over a distance
of 7.5 kilometers. The investment will be fully recovered within
the contract. The dredger will be transferred to the client at the
end of the contract duration.
For further information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
Press:
Arno Schikker
press@boskalis.com
T +31 78 6969310
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 services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbor towage and terminal
services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of more than 900 vessels
and floating equipment and 11,700 employees, including associated
companies, Boskalis operates in 90 countries across six
continents.
This press release can also be found on our
website www.boskalis.com.
PDF version of this press
release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
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