In the first half of 2007 the Division won two major long-term contracts. A 25-year contract will be carried out in a joint venture involving the provision of 4 tugs for an LNG terminal in Italy
. This contract will start contributing in the second half of 2008. In addition, a long-term contract was acquired in Angola
. This contract will start contributing towards the end of 2007.
Part of the activities in Gabon
, which were carried out with an (aged) river fleet, were divested. The sale of these activities generated one-time income of EUR 1.4 million after deducting reorganisation costs. Against this, the result of the Terminals Division includes a one-time expense of approximately EUR 1.0 million in relation to employee benefits in Nigeria.
A new contract was started in Equatorial Guinea. This concerns the deployment of two tugs for an LNG terminal.
The growth target for the net profit is 50% over a 5-year period (starting in 2003).