• 2018 December 23 11:49

    Boskalis strengthens its offshore cable installation position through German acquisition

    Royal Boskalis Westminster N.V. (Boskalis) has reached an agreement with SPIE for the acquisition of the offshore cable installation activities and assets of Bohlen Doyen GmbH (BoDo). BoDo's offshore cable laying business operations comprise of grid to grid and offshore substation to shore connections, which includes the installation of (nearshore) offshore cables and the connection of offshore wind farms to substations, the Company said on Friday in its press release.

    BoDo, based near Wilhelmshaven, has a long-established position in the German offshore cable installation market. Its offshore activities generate an annual turnover of EUR 20-30 million. The agreed transaction does not include any goodwill and will be financed from Boskalis' own cash flow.

    The scope of the transaction includes the acquisition of the equipment, burial tools, personnel plus several smaller commercial and maintenance contracts. The most important assets are three large cable laying barges with capacities ranging from 800 to 4,000 metric tons. The technical specifications of these vessels make them ideally suited for the installation of export cables in sheltered water and the rapidly growing cable repair market. BoDo's track record includes the cable installation on projects including BorWin 3, DolWin 3 and NordLink. As subcontractor to Prysmian BoDo was involved in the first phase of the Ostwind project for 50Hertz. Recently Boskalis received the award for Ostwind 2 for which BoDo is well-positioned to execute the nearshore activities.

    Through this acquisition, Boskalis strengthens its position in the offshore cable market forming a welcome addition following a string of recent large contract wins by Boskalis.

    It is the intention to close the transaction in the first quarter 2019 subject to the satisfaction of customary conditions.

    Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with services including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the oil and gas sector and offshore wind industry as well as salvage solutions. Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 10,700 employees, including associated companies, Boskalis operates in 90 countries across six continents.




2020 November 26

18:31 Port of Houston is now the number one port in U.S. in terms of total waterborne tonnage
18:00 Port of Rotterdam to embark on 100 innovative pilot projects
17:51 RF Navy’s frigate Admiral Gorshkov performs tests in the White Sea
17:27 DFDS and its partners apply for EU support for development of hydrogen ferry
17:24 Rosneft conducts stratigraphic drilling on Arctic shelf
16:59 RF Navy's corvette Boykiy completed missions in the English Channel
16:27 RF State Duma approves lifting the ban on storage of agricultural chemicals in ports
16:03 MacGregor reaches OnWatch Scout milestone
15:25 APM Terminals Gijon responds to doubling of container volumes
14:58 Western Shipyard boosts its vessel repair capacity
14:33 Keppel secures contract worth about S$100 million for FPSO project
14:29 EU funds to dredge the navigation channel up to -15 meters in Klaipeda Port
14:02 BC Ferries to trial two ship service on Campbell River – Quadra Island route
13:48 Andrey Severilov elected as Chairman of FESCO BoD
13:30 The Danish Armed Forces and DFDS enter into an agreement on providing ships for the transport of military equipment
13:22 MPA invites market specialists to join its International Safety@Sea Webinar Series
13:02 Fincantieri with the fishing association “Federpesca” to revive the national fishing economy
12:24 Rosneft completed survey and design stage of the project to a port in Sever Bay
12:01 APM Terminals Apapa continues equipment investment programme
11:31 Huntington Ingalls Industries awarded contract for construction of first two Columbia-class submarine modules
11:06 Aquila Power Catamarans rolls out its redesigned sport power catamaran
11:06 Maqta Gateway and TruKKer to collaborate on digital truck booking services through “MARGO”
10:55 New Alfa Laval CM wireless condition monitor boosts process uptime while protecting plant equipment
10:26 BPA: Gov't one year spending review
10:04 Volvo Penta’s transformation for the marine commercial professional of today and tomorrow
09:50 50 vessels and up to 100 drilling units to service Vostok Oil project
09:27 MABUX: Bunker Market this morning, Nov 26
09:24 Oil prices rise close to the level of March
09:10 Baltic Dry Index as of July 7
09:01 BPA calls for government to back a better connected Britain

2020 November 25

18:53 US to impose tough Port State Control measures on Cyber risk management
18:37 CMA CGM to launch SEAPRIORITY EXPRESS service connecting Yantian with Los Angeles
17:51 Port of Southampton to open new cruise terminal for 2021 season
17:29 DNV GL, Intercargo and the Standard Club launch new bulk carrier ventilation guide
17:00 Pump company Svanehøj appoints director in Japan
16:56 Vyborg Shipyard lays down processing trawler of KMT02.02 design
16:52 Damen launches its first Middle East-built cutter suction dredger, type CSD650
16:29 Ice-resistant self-propelled platform North Pole to be put into operation in 2024
16:05 MAN Energy Solutions offers its EGR system as an emissions solution for its new low-speed ME-GA engine
15:42 NOVATEK completes first ship-to-ship LNG transshipment in the Murmansk Region
15:04 Port of Bergen to build ultra-modern port at Ågotnes
14:58 Port of Cardiff celebrates new lease with Greenergy
14:20 Oboronlogistics becomes sole operator of Ust-Luga – Baltiysk rail ferry line
13:56 Admiralteiskie Verfi to launch North Pole ice-resistant platform on December 18
13:32 Jebel Ali Port receives the first container from Israel for Jafza-based Kimoha
13:12 OOCL, VICT set new benchmark for highest container exchange in Australia
12:49 Port of Cardiff celebrates new lease with Greenergy
12:30 Ravenna Port Hub contract awarded to a consortium including DEME
12:04 APM Terminals sets all-time volume records in Brazil
11:55 EC approves state aid measures to secure long-term operation of Klaipėda LNG terminal
11:33 Tallink Grupp adds additional departures to Tallinn-Helsinki route for weekends from 28 November 2020
10:36 Qatar Trade Summit 2020 conducted as a virtual event
10:11 CMA CGM announces FAK rates from Pakistan to North European, Mediterranean & North African trades
09:48 MABUX: Bunker Market this morning, Nov 25
09:37 Oil prices continue rising on coronavirus vaccine progress
09:22 Maersk Drilling selected for two-rig Suriname campaign by Total
09:09 Baltic Dry Index as of November 24
08:41 Aker BP partners with Cognite to deploy the quadruped robotic dog to pioneer the remote controlled offshore mission

2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020