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

ACL christens Atlantic Star in Baltimore thumbnail image

ACL christens Atlantic Star in Baltimore

September 26 - Atlantic Container Line (ACL) has held a formal christening ceremony for one of its fourth generation container/ro-ro (con-ro) vessel, Atlantic Star, at the port of Baltimore’s Dundalk Marine Terminal.
Views: 93
BDP adds fourth location in Egypt thumbnail image

BDP adds fourth location in Egypt

September 26 - BDP International has expanded its presence in Egypt with the opening of an office in Port Said, its fourth office in the country, and 150th office worldwide.
Views: 130
Mammoet wins Australian wind projects thumbnail image

Mammoet wins Australian wind projects

September 26 - Mammoet and Goldwind Australia have signed a multi-year framework agreement that will initially see the Dutch heavy lift specialist handle the transport and installation work for the 530 MW Stockyard Hill wind farm in western Victoria.
Views: 155
Happy upgrade for BigLift vessel thumbnail image

Happy upgrade for BigLift vessel

September 26 - BigLift Shipping has enhanced the lifting capacities of the two mast cranes on its heavy lift vessel Happy Star to offer a combined lifting capacity of 2,200 tonnes. 
Views: 184

Heavy Lift Across The World

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