AMSTERDAM, March 29 Royal Boskalis Westminster
(BOSN.AS), the world's largest dredger, has clinched a 1.15
billion euro ($1.55 billion) takeover of Smit SMTNc.AS, one of
the world's largest marine salvage firms. [ID:nLDE62Q06Q]
Dredgers are at the heart of global economic activity, from
expanding ports to cater for more trade, and servicing oil and
gas maritime infrastructure, to reclaiming land for coastal
defence and real estate development.
Here are the world's largest dredgers by capacity:
ROYAL BOSKALIS WESTMINSTER (BOSN.AS)
The world's largest dredging firm celebrates its 100th
anniversary as it takes over maritime services provider Smit
Founded in 1910 in Sliedrecht, the birthplace of the Dutch
dredging industry, by a group of Dutch families, Boskalis now
boasts a fleet of over 300 vessels and is active in over 50
countries across five continents.
The company's core strength is in dredging & earthmoving,
though it is trying to diversify more into maritime services.
CHINA HARBOUR ENGINEERING COMPANY (CHEC)
Founded in 1980, CHEC merged with China Road and Bridge to
create China Communications Construction Company (1800.HK) in
It is China's largest international contractor and the
second-largest dredging company in the world. CHEC focuses on
basic infrastructure, such as marine engineering, dredging and
CHEC has been involved in most of the major dredging and
reclamation works along China's coastline, while most of its
projects have been in Asia, Middle East and Africa.
Owned by the Dutch Van Oord family, builder royal BAM
(BAMN.AS) and investment firm NPM Capital, Van Oord owns 200
vessels and has 20 offices around the world.
Since it was established 1868, it has worked on some of the
world's biggest dredging projects, including creating an island
in the form of the world map in Dubai and building an artificial
island in Gibraltar, south of Spain.
Jointly owned by holding company Ackermans & van Haaren
(ACKB.BR) and Vinci (SGEF.PA)-controlled contractor CFE
(CFEB.BR), Belgian dredger DEME has a fleet of 300 vessels, over
80 of which are dredging and hydraulic engineering vessels.
Although it was established in 1991, DEME's roots in
Flanders, the Dutch-speaking region of Belgium, go back much
further, with one of its constituent companies, Baggerwerken
Decloedt, active in maintenance and capital dredging along the
Belgian coast since 1875.
DEME has developed many proprietary technologies and
methods, including DRACULA, an acronym for "Dredging, And
Cutting Using Liquid Action", which the company says has
resulted in improved efficiencies on trailing suction hopper and
cutter section dredgers of up to 20 percent.
JAN DE NUL
Belgian family owned company Jan De Nul started off in 1938
as a civil works contractor before expanding into dredging in
About two-thirds of the company's revenue comes from the
Middle East and dredging accounts for 90 percent of the
company's turnover. The company also specialises in the oil and
gas services industry, with purpose-built vessels.
Sources: Company websites, International Association of
(Reporting by Greg Roumeliotis; Editing by Erica Billingham)