Koninklijke Boskalis Westminster NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Koninklijke Boskalis Westminster NV Acquires EUR 70 Million Dredging Contracts in Australia and Vietnam
Koninklijke Boskalis Westminster NV (Boskalis) announced that the Company acquired dredging contracts in Australia and Vietnam with a combined contract value of approximately EUR 70 million. In Melbourne, Australia, the Company has been awarded the dredging contract for maintenance dredging. The contract was awarded by the Port of Melbourne Corporation and is for a period of four years with two options for extension, each of three years. The dredging activities are to commence in March 2013. In Vietnam Boskalis acquired a contract from a consortium led by Petrovietnam Technical Services Corporation, a subsidiary of the National Vietnamese Oil Company Petrovietnam. In Nghi Son an approach channel and port basin for a new refinery and petrochemical complex will be dredged. On completion of the dredging works vessels of 30,000 DWT will be able to access the port to service the Nghi Son refinery, which is expected to have a capacity of 200,000 barrels a day. A jumbo trailing suction hopper dredger will be deployed for the project which is expected to commence later this year. The project is expected to be completed by mid 2014.
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