Marine Link
Saturday, December 15, 2018

Boskalis Expanding Subsea

Maritime Activity Reports, Inc.

November 12, 2017

DSV Constructor (Photo: Boskalis)

DSV Constructor (Photo: Boskalis)

 Royal Boskalis Westminster N.V. (Boskalis) is set to expand its market position in the area of subsea services, according to its Corporate Business Plan 2017-2019.

"In a persistently challenging market there tend to be interesting opportunities for anti-cyclical investments in companies or equipment that will result in Boskalis being well-positioned when end-markets recover again," it says.
In mid-August Boskalis acquired subsea survey specialist Gardline, and the group recently exercised a purchase option on the leased DSV Constructor to acquired the vessel for around €40 million ($46.7 million). Boskalis said it is also in advanced stages of negotiation for the purchase of an existing modern high-end SAT DSV. 
Boskalis saw a slight increase in revenue in the third quarter of 2017 compared to the quarterly average reported for the first half the year, while the result failed to keep pace.
Compared to the third quarter of last year both revenue and the result were considerably lower, in line with expectations. In 2016 offshore energy still had a good year, boosted by a number of large offshore wind farm installation projects in progress, Boskalis said.
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News