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Smit Terminals News

20 Nov 2012

Smit Lamnalco Orders Vessels to meet Shell Gabon Deal

Smit Lamnalco renewed its marine support services contract with oil major Shell in Gabon, a deal that has triggered investment in three auxiliary vessel newbuildings, according to the company. The five year contract renewal extends a relationship which dates back to the 1990s and covers support for Shell Gabon’s tanker operations at the remote Gamba Terminal, south of Port Gentil. “The trust Shell Gabon has in our services has sustained through the 2011 merger of Lamnalco and SMIT Terminals.” says Aart van der Wal, Managing Director Smit Lamnalco Africa. The renewal covers the deployment, crewing and management of four Smit Lamnalco support vessels, with three newbuilds ordered in mid-November to replace existing tonnage.

28 Apr 2008

Smit Rises to Record

Smit Internationale, the biggest marine-salvage company, may be heading for a takeover two months after rejecting a $300m bid for its oil-tanker towing unit. The shares, already lifted by record crude prices, have jumped 25 percent since Chief Executive Officer Ben Vree rebuffed the offer for Smit Terminals from Royal Boskalis Westminster NV, the world's largest dredging company, and a Saudi partner. The unit tows vessels to offshore oil and gas terminals. A complete takeover would add 399 vessels and allow the rejected suitor to overtake Svitzer, part of A.P. Moeller-Maersk A/S, as the owner of the world's largest tugboat fleet. Rotterdam-based Smit is ready to hold talks, the report said.