Royal Volker Wessels Stevin Nv News

Royal Boskalis Westminster N.V. (Boskalis) and Royal Volker Wessels Stevin N.V. (VolkerWessels) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. 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, which is expected to be delivered at the end of this year.