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 And Volkerwessels Establish Offshore Cable Installation Joint Venture
Koninklijke Boskalis Westminster NV and Royal Volker Wessels Stevin N.V announced that they have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a party combining know-how and equipment allowing it to respond effectively to growth in the market for offshore cable installation projects, particularly in relation to offshore wind farms. Boskalis and VolkerWessels each hold a 50% stake in the joint venture Visser & Smit Marine Contracting Holding B.V. (VSMC) through Boskalis Offshore Subsea Contracting B.V. and VWS Civil and Offshore Constructions B.V., respectively. VSMC will have two cable-laying vessels at its disposal, the Stemat Spirit and Ndurance. The Ndurance is expected to be delivered at the end of this year. Both vessels are fitted with DP class 2 equipment with a cable turntable capacity of around 5,000 tonnes.
Latest Developments for Koninklijke Boskalis Westminster NV
- Koninklijke Boskalis Westminster NV to acquire Fairmount
- Koninklijke Boskalis Westminster NV Raises FY 2013 Net Profit Guidance Above Analysts' Estimates
- Koninklijke Boskalis Westminster NV Completes Sale of Dockwise Yacht Transport Activities
- Koninklijke Boskalis Westminster NV Completes Sale Of SMIT Gladstone Towage Operation To Smit Lamnalco
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