Fugro Nv News

The International Marine Contractors Association (IMCA) has added Andy Seymour, global director of operational excellence at Fugro NV in the Netherlands, to its governing board.Seymour has a technical background coupled with financial, commercial and management expertise. He  started his career at Fugro as a field surveyor progressing to shore based management positions including country manager and regional director.In 2018 he moved into a corporate role as deputy division director and in 2019 was appointed into his current roles as Global Director Operational Excellence. He holds a first-class honors degree in Civil Engineering.Fugro has been a strong supporter of IMCA for many years.

Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who most recently served as director of Fugro's marine division, began his career at Fugro in 2000 as geodesist on various onshore and offshore survey projects. By 2002 he fulfilled several management roles in the survey division with increasing responsibilities. From 2012 he served as regional director Europe-Africa for the survey division.

Royal Boskalis Westminster N.V. announces that it has reduced its holding in Fugro N.V., an integrator of geotechnical, survey, subsea and geosciences services. Boskalis’ holding in Fugro now stands at 24.9 percent.

Royal Boskalis Westminster N.V. (Boskalis) achieved a very busy first half year with historically high profit and realized a net profit of EUR 306.5 million in the first half of 2015, a rise of 21% (H1 2014: EUR 253.0 million). Revenue in the first half of the year rose 1.6% to EUR 1.57 billion (H1 2014: EUR 1.55 billion). Adjusted for (de)consolidation and currency translation effects, revenue was stable. EBITDA in the first half of the year amounted to EUR 500.1 million (H1 2014: EUR 466.4 million) and the operating profit (EBIT) was EUR 359.3 million (H1 2014: EUR 338.3 million). Results in all three segments were good in addition to which there were a number of (positive) exceptional items. Dredging & Inland Infra had an exceptionally busy first half from an operational point of view.

Fugro has taken notice of the press release from Boskalis of Friday evening, 20 March 2015, that it has increased its holding in Fugro N.V. to 25.1%. The further stake building by Boskalis, a construction and installation contractor, remains unsolicited and unexpected. Fugro notes that Boskalis continues to state that its increased holding is not a step towards making an offer for Fugro. Fugro reiterates that it highly values its position as the world's leading independent geotechnical and survey data and services provider, which is core to Fugro's strategy. Fugro operates as independent consulting engineer, providing essential earth and engineering data, information and advice to a broad range of clients.

Royal Boskalis Westminster N.V. informs it has increased its holding in Fugro N.V. to 25.1%, stressing that the move is not a step toward making an offer.   “Boskalis views Fugro as an interesting company with strong market positions in its core activities,” the company said in a press release.   Boskalis explained that its focused is on offshore and maritime infrastructure fits well with Fugro’s activities, and that the two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.

Fugro N.V. announces that the Supervisory Board of Fugro nominates Mrs. P.H.M. Hofsté and Mrs. A.H. Montijn for appointment as members of the Supervisory Board at the Annual General Meeting of Shareholders (AGM) to be held on 30 April 2015. Mrs. P. (Petri) H.M. Hofsté (1961) has held senior financial management positions at different organisations. She was a partner at KPMG before she was appointed group controller and later deputy chief financial officer at ABN AMRO Bank. Thereafter she has been division director of the Dutch Central Bank and chief financial and risk officer of APG Group, the largest Dutch pension administrator. Currently, she is member of the Supervisory Board of Kas Bank, Bank Nederlandse Gemeenten and Achmea and member of the board of the Nyenrode Foundation.

Royal Boskalis Westminster N.V. (Boskalis) announced that it has increased its holding in Fugro N.V. to 20.01%, stressing that the move is not a step towards making an offer.   Boskalis said views Fugro as “an interesting company with strong market positions in its core activities.”   Boskalis noted that its strategy fits well with the activities of Fugro, adding that the two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.

Royal Boskalis Westminster N.V. (Boskalis) has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. At Dredging the possible settlement of a number of old projects mentioned during the presentation of the half-year numbers has taken place. This contributed substantially to third quarter earnings. Overall market conditions remain challenging. Despite this the order book has risen slightly, compared to the mid-2014 level, to EUR 3.3 billion, which is on par with the level at the start of the year. Based on current insights the second half of the year is expected to be good.

Royal Boskalis Westminster N.V. has acquired a 14.8% stake in Fugro N.V. Boskalis said it views Fugro as an interesting company with activities that fit very well with its own activities, adding that it wants to enter dialogue with Fugro to explore options for possible cooperation. The company stressed, however, that it has no intention to make an offer for Fugro. "Fugro is an attractive company with activities that fit together well with those of Boskalis,” said Peter Berdowski, CEO Boskalis.

Fugro Pioneer is the second of three vessels to be delivered to Fugro in 2014. Fugro has taken delivery of the second of the three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The Fugro Pioneer is a compact, survey ship capable of undertaking a wide range of survey, monitoring and inspection operations. The vessel is designed for a variety of survey and inspections duties including light geotechnical work, environmental baseline surveys, monitoring and inspection, and moon pool deployments. Diesel electric propulsion delivers excellent economy at all speeds.

Dutch marine services company Fugro NV has warned that weakness in the oil and gas industry, combined with technical difficulties, meant its results for the first half would fall short of expectations, hammering its shares. Fugro, involved in the search for Malaysia Airlines' missing flight MH370, said it would make a one-off writedown of up to 350 million euros ($477.4 million) as a result of slowing growth in capital spending in the oil and gas industry, which accounts for three quarters of group revenue. It said it would report a "low single-digit" margin, on the basis of earnings before interest and tax (EBIT), for the first six months of the year, but strong growth in the second half would partly compensate for the setback. The full-year margin will still be down on last year.

Offshore Survey, which takes place from 10 - 11 April 2013 alongside Ocean Business at the National Oceanography Center in Southampton UK, has just launched a conference program which promises to be the most varied and exciting yet. ‘Offshore’ is rapidly becoming a far broader industry than just ‘oil and gas’ and the program for Offshore Survey 2013 truly reflects this vibrant industry. The offshore industry responded to an open call for papers this year; previous conferences accepted papers by invitation only. As a result, the technical committee was overwhelmed by the quantity and outstanding quality of abstracts sent in for review, which came from all corners of the industry.

Oslo based navigation specialist Fugro Seastar AS has announced the introduction of a new service: SeaSTAR G2. This new high performance navigation service combines the navigation satellites of both the American GPS constellation and the Russian GLONASS constellation, to produce a composite GPS/GLONASS position solution. The service utilizes Fugro’s own network of dual system reference stations to calculate ‘orbit and clock’ errors on a satellite by satellite basis for all 50…

Dutch engineering consultancy Fugro NV said that, together with Boeing Co. and Oceaneering International, it had sealed a partnership to provide underwater survey services. The venture combines the marine experience of Houston-based Oceaneering, an advanced applied technology company, Fugro and the unmanned vehicle and autonomous guidance technology of Boeing, the world's largest aerospace company. The underwater services, to be provided initially for oil and gas exploration and telecommunications markets, will be available by the end of this year. The vehicle should eventually replace towed survey systems that are currently used to collect data.

Following the l deployment of Fugro's Echo Surveyor Hugin 3000 Autonomous Underwater Vehicle (AUV) in 2005, Fugro NV, in the Netherlands, has placed an order with Kongsberg Maritime for the purchase of second deep water Hugin 3000 AUV. The new build Hugin 3000 will be equipped to the same standard as Echo Surveyor. It will also incorporate the modifications that were already made to the Echo Surveyor to enhance operational efficiency, improve safety and environmental performance to meet Fugro's requirements. The new build Hugin 3000 will be delivered and tested during winter 2006 and will be ready for operation before the end of the year.