Latest news from Heavy Lift & Project Forwarding International Magazine

No change for Boskalis outlook

November 11 - Royal Boskalis Westminster (Boskalis) closed its third quarter of 2016 in line with expectations.

Both revenue and operating profit were higher than the average seen in the first two quarters of the year, but the increase was wholly attributable to the contribution from the offshore activities acquired from VolkerWessels, which are consolidated with effect from the third quarter.

Adjusted for these activities there was a slight decline in revenue and operating profit compared to the average seen in the first two quarters of the year.

Adjusted for acquisitions there was a substantial decline in revenue and operating profit compared to the third quarter of last year, in line with expectations. 2015 as a whole was an exceptionally good year with high fleet utilisation and particularly good project margins.

The company says that market conditions remain persistently difficult in the capacity-driven service-related activities of Offshore Energy, in which its Dockwise subsidiary is situated, putting pressure on volumes and prices. 

The expectations for the remainder of the year remain unchanged. For 2016 as a whole Boskalis expects the operating net profit in the second half to approach the level achieved in the first half of the year.

An improved third quarter in the Offshore Energy division was largely due to the contribution from the offshore activities acquired from VolkerWessels, and without that the revenue and the result would have been slightly lower compared to the average seen in the first two quarters of the year.

At the beginning of July, Boskalis announced a fleet rationalisation programme, which is now being implemented over the next two years. It involves 24 unspecified vessels being taken out of service and the loss of 650 jobs, with 200 positions already been removed. 

www.boskalis.com

Heavy Lift | News

Bilbao gains Norwegian connection thumbnail image

Bilbao gains Norwegian connection

October 22 - Finnlines, part of the Grimaldi Group, has added a port call in Norway to its Biscay service between Bilbao, Spain and St. Petersburg, Russia. 
Views: 204
Scot Explorer launched in Hoogezand thumbnail image

Scot Explorer launched in Hoogezand

October 22 - Scotline Marine Holdings’ 4,800 dwt vessel Scot Explorer has been christened and launched at the Royal Bodewes Shipyard in Hoogezand, the Netherlands.
Views: 168
Wangfoong rescue on track thumbnail image

Wangfoong rescue on track

October 22 - Wangfoong Transportation has been involved in a complex salvage operation in Hong Kong, where it helped to recover three derailed trains.
Views: 191
ZPMC delivers for Hutchison Port Sohar thumbnail image

ZPMC delivers for Hutchison Port Sohar

October 22 - ZPMC’s heavy lift vessel Zhen Hua 19 has delivered two remote-controlled quay cranes and six rubber-tyred gantry cranes to Hutchison Port Sohar’s terminal in Oman.
Views: 196

Heavy Lift Across The World

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