Key Developments: Koninklijke Boskalis Westminster NV (BOSN.AS)

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Latest Key Developments (Source: Significant Developments)

Boskalis and Van Oord to construct artificial island of the coast of Jakarta
Wednesday, 28 Jan 2015 04:48am EST 

Boskalis:Koninklijke Boskalis Westminster N.V. and Van Oord to construct artificial island off coast of Jakarta, Indonesia.Contract carries value of about 350 million euros (Boskalis share 50 pct).Project involves reclaiming about 160 hectares of new land requiring in excess of 20 million cubic meters of dredged sand.Work will commence immediately and project is expected to be completed in 2018.  Full Article

Boskalis increases holding in Fugro to 20 pct
Friday, 9 Jan 2015 11:44am EST 

Boskalis:Says it has increased its holding in Fugro to 20.01 pct.Boskalis stresses that this is not a step towards making an offer.  Full Article

Boskalis awarded contract for Wikinger offshore wind farm
Friday, 19 Dec 2014 07:28am EST 

Boskalis:Says in partnership with Volker Stevin International (VolkerWessels) it has been awarded a contract by Iberdrola Renewables Offshore Deutschland GmbH.Contract is for the partial construction of the Wikinger Offshore Wind Farm in the German section of the Baltic Sea.Work comprises the transport and installation of seventy wind turbine foundations and six offshore substation piles.Contract carries a value of about 75 million euros for Boskalis.  Full Article

Boskalis and Kotug to merge European harbour towage operations
Monday, 15 Dec 2014 08:01am EST 

Boskalis:Boskalis and Kotug International B.V. merge European harbour towage operations.Companies to establish 50/50 joint venture for this purpose.Total combined revenue is estimated at about 150 million euros.Expects to free up nearly 100 million euros in cash from proposed transaction, primarily due to refinancing of activities.Joint venture to serve 11 ports in 4 countries with fleet of more than 60 tugboats.  Full Article

Boskalis says subsidiary Smit Lamnalco acquires Austrialian towage company
Friday, 12 Dec 2014 02:20am EST 

Boskalis:Boskalis subsidiary Smit Lamnalco acquires Australian towage company.Following deal, Smit Lamnalco will be active in 8 ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services.  Full Article

Boskalis raises FY 2014 net income guidance to 450 million euros
Friday, 14 Nov 2014 02:00am EST 

Boskalis:Says due to substantial close-out results realized on old dredging projects Boskalis is raising its FY net profit earnings outlook to 450 million euros.Says capital expenditure for 2014 is expected to be slightly lower than previously indicated totaling around 275 million euros and will be funded from Boskalis’ own cash flow.FY 2014 net income 387.2 million euros - Thomson Reuters I/B/E/S.FY 2014 Capex 303 million euros - Thomson Reuters I/B/E/S.  Full Article

Fugro 14.8 pct stake acquired by Boskalis
Friday, 7 Nov 2014 01:00am EST 

Fugro NV:Says with reference to acquisition by Boskalis of 14.8 pct of Fugro's share capital, company refers to its recent strategy update.Says it is interested to discuss partnership with respect to its subsea division with possibly interested parties, including Boskalis.  Full Article

Boskalis consortium acquires Suez Canal expansion contract
Saturday, 18 Oct 2014 11:30am EDT 

Koninklijke Boskalis Westminster NV:Consortium of Royal Boskalis Westminster N.V. (Boskalis), Van Oord, NMDC (Abu Dhabi) and Jan de Nul (Belgium) has acquired contract from Suez Canal Authorities in to expand Suez Canal.Total contract value amounts to $1.5 billion, with each partner entitled to an equal share of $375 million.Project will commence in 2014 and is expected to be completed in 2015.  Full Article

Koninklijke Boskalis Westminster NV joint venture wins cable-laying contract
Wednesday, 13 Aug 2014 03:01am EDT 

Koninklijke Boskalis Westminster NV:Announces that VSMC, its strategic cable-laying joint venture with VolkerWessels, has been awarded a contract by Sandbank Offshore Windfarm GmbH.Says the scope of work for VSMC includes cable supply, CPS, installation, post lay burial and termination and testing of 76 infield cables.Says the total contract value to VSMC is 90 million euros.Says the project execution is scheduled to start in Aug. 2015 and will be completed by mid 2016.  Full Article

Boskalis gives FY 2014 outlook above analysts' estimates
Monday, 4 Aug 2014 01:00am EDT 

Koninklijke Boskalis Westminster NV:Sees FY 2014 net profit exceeding 366 mln euros achieved in FY 2013.FY 2014 net income 361.79 mln euros - Thomson Reuters I/B/E/S.  Full Article

Boskalis subsidiary Smit Lamnalco buys Australian towage business

AMSTERDAM - Dutch marine services company Boskalis said on Friday its jointly-owned subsidiary Smit Lamnalco had agreed to buy the Australian towage business of Hong Kong-based Pacific Basin Shipping .

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