Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis raises earnings outlook

November 16 - Royal Boskalis Westminster, a leading global services provider operating in the marine services area and providing heavy lift services through its SMIT subsidiary has reported a good third quarter to 2012.

Revenue and profit was higher than in the first half of 2012 against stable market conditions. The order book increased in recent months and stood at a new record high of EUR4 billion (USD5.09 billion) at the end of the third quarter.


The level of activity for the group's Salvage, Transport & Heavy Lift division was reported as good. Continued strong demand from the offshore industry translated into strong fleet utilisation at Subsea and Transport, and Heavy Lift demand in Asia for floating sheerlegs was high.


For the remainder of the year the board expects market developments to be in line with the first three quarters. The full-year outlook was raised to anticipate a net profit EUR230-245 million (USD293-312 million)


www.boskalis.com

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