MN 100: Smit International N.V.
In 1842, 65-year-old Fop Smit began using a 140hp paddle steamer to guide vessels safely into the Port of Rotterdam, and thus L. Smit & Co. was born. The company went through various stages of expansion, notably adding salvage services to its operations in the mid 1900s, and gradually grew into an internationally-operating outfit offering a wide range of maritime services. Today known as SMIT, a member of Royal Boskalis Westminster N.V. since 2010, the company has been providing maritime services, including towage, salvage, transport and heavy lift for nearly 170 years.
Smit Intl. Earnings Up 40%
Smit International NV announced that net earnings for 2005 have risen by nearly 40% to EUR 38.3 million. Despite facing a heavier tax burden of 30% (up from 24% in 2004), the divisions Harbor Towage, Terminals and Transport & Heavy Lift achieved better results in comparison to 2004. The Salvage division performed well above the so called historical average. SMIT has served the maritime sector for more than 160 years. • Harbor Towage: harbor towage services and related maritime services. terminals. • Salvage: salvage, wreck removal, environmental protection and consultancy. marine support to a variety of civil and offshore projects.
Russia to Raise Doomed Kursk Submarine
Russia said it will announce final plans next week to raise the Kursk submarine, which sunk last year with 118 crew on board, a senior cabinet minister said on Friday. Russian authorities have promised since the nuclear-powered submarine sunk that they would raise it from its position about 43.5 miles north of the Russian port Murmansk and 328 ft. (100 m) beneath the surface of the Barents Sea. The date and technical details for the project will be set on Monday, officials said. They added that guarantees for government funding would also be provided Plans previously called for the wreck to be raised in August or September. The Kursk…
