Smit Lamnalco Signals Growth Agenda

(Press Release)
Tuesday, May 15, 2012
Daan Koornneef, Smit Lamnalco Chief Executive

The official launch of Smit Lamnalco as a distinct entity has coincided with the global marine services group’s first commitment to new growth-driven investments, following the 2011 acquisition of Smit’s terminal and anchor handling tug supply activities by Lamnalco.

Daan Koornneef, Smit Lamnalco Chief Executive, said that the new identity has been adopted to reflect the extent of the turnkey services offered by the expanded group across the oil and gas sectors.  Smit Lamnalco owns, operates and crews one of the most modern terminal and ship-to-ship transfer auxiliary fleets in the world, as well as delivering a full range of dive support services. Its interests span pilot boats, mooring boats, utility craft and high performance tugs.   “Combined, Smit Lamnalco operates over 50 terminal contracts, employs close to 3,000 staff on around 180 vessels and is active across 30 countries,” said Mr Koornneef. “The new identity is an external sign of the work that has been going on behind the scenes to amalgamate the two companies to support further growth. By combining, we have significantly extended our reach in the FPSO and LNG sectors, in line with our target of becoming the leading supplier of cost effective marine support services in the world.”
Royal Boskalis Westminster N.V. and The Rezayat Group of Saudi Arabia each continue to own 50% shares in Smit Lamnalco.
Around one third of Smit Lamnalco’s contracts relate to vessels in and around the Middle East, with one third operating off West Africa. A further third covers vessels operating in diverse locations with significant growth potential, including other markets in Africa, Russia, Georgia, and South East Asia, Australasia and the Caribbean.
Koornneef said that the launch coincided with new investment plans already sanctioned by Smit Lamnalco. It is preparing to order four 65 tonne azimuth stern drive terminal tugs, earmarked for operations in South East Asia. It also has two anchor handling tugs on order at Damen Shipyards and a number of smaller craft being built in Turkey. The merged operation has been restructured around four key regions that reflect the historical focus of both entities but also point towards Smit Lamnalco’s future ambitions: Africa, excluding Nigeria and the Red Sea; Nigeria; Russia, the Caspian Sea, South East Asia and Australasia; and The Middle East, India, Pakistan, and Red Sea ports.
As part of the reorganization, Mr Koornneef heads a new ‘Leadership Team’, which includes four Managing Directors, one for each of the four regions, and supporting management teams. 

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Offshore

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

People in the News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4316 sec (2 req/sec)