Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis terminates loss-making transport activities

Royal Boskalis Westminster has terminated the loss-making transport activities in its offshore energy division and will retire some closed-stern heavy transport vessels.

The Dutch company said the decline in operating results for the first half of the year, compared to the same period in 2017, was largely attributable to a sharp drop in the result of its offshore energy division. According to Boskalis, the transport activities at the lower end of the market worsened further and are now “heavily loss-making”.

“This segment is rapidly becoming a commodity transport market, often not oil and gas-related, that is structurally confronted with (Asian) overcapacity,” said Boskalis. The company said that handling these types of cargoes does not fit within its strategy, which is “aimed at a position higher up in the transport and installation market”.

At the top end of the transport market, Boskalis says many opportunities still exist, whereas the smaller, predominantly older transport vessels at the low end are now loss-making. In exiting this market segment, Boskalis is taking the closed-stern heavy transport vessels (types IIb and III) out of service.

Peter Berdowski, ceo of Boskalis, said: “There were two sides to the first half of the year. While the contracting activities at dredging and offshore energy made a good contribution, developments at offshore services had a significant adverse effect on the result.

“Looking ahead we are moderately optimistic. In offshore energy we expect to see improved results at the contracting activities as well as at services as a result of the fleet reduction.”

boskalis.com

Heavy Lift | News

Brown joins SAL in the USA thumbnail image

Brown joins SAL in the USA

June 17 - Phillip Brown has been appointed as vice president – projects for SAL Heavy Lift in the USA, effective July 1, 2019.
Views: 685
Boskalis salvages Oman tankers thumbnail image

Boskalis salvages Oman tankers

June 17 - Royal Boskalis Westminster has been contracted to salvage and recover the two tankers that were attacked in the Gulf of Oman last week.
Views: 256
Multipurpose charter rates remain stable thumbnail image

Multipurpose charter rates remain stable

June 14 - Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 683
Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 631

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.