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Slight revenue uptick for Boskalis

November 10 - Royal Boskalis Westminster saw a slight increase in revenue in the third quarter of 2017, compared to the quarterly average reported for the first half of the year.

Boskalis cited poor conditions in the oil and gas sector for lower revenue results in its offshore energy business activities, compared with the previous quarters.

The Netherlands-based company said that margins were under pressure and utilisation of heavy transport vessels declined compared to the first half of the year.

Notable contracts acquired in the third quarter include rock placement work for Nord Stream 2 (Baltic Sea), a transport contract for West White Rose (Canada) and a logistical management contract for a petrochemical plant in the Middle East. This led to a slight increase in the order book for offshore energy compared to mid-2017.

Boskalis predicts persistently difficult market conditions characterised by low work volumes and pressure on utilisation rates and margins, but suggests that its profit outlook for the second half of the year will be comparable to the first, excluding restructuring charges. 

 

www.boskalis.com

Heavy Lift | News

Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 574
DSV soars with generator component  thumbnail image

DSV soars with generator component 

May 24 - DSV has transported a 40-tonne generator component on board a Volga-Dnepr Ilyushin IL-76 from Germany to Australia for Siemens. 
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Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

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Views: 590
GPLN delegates convene in Bremen thumbnail image

GPLN delegates convene in Bremen

May 23 - More than 180 delegates of the Global Project Logistics Network (GPLN) convened at the Dorint Park Hotel in Bremen earlier this week for the group’s 16th annual meeting.
Views: 488

Heavy Lift Across The World

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