Boskalis jaarverslagen 2011

Company profile

Royal Boskalis Westminster N.V. (Boskalis) is a world-leading expert in the field of dredging and maritime services. As a partner we are able to realize complex infrastructural works for our clients within the chain of design, project management and execution, on time and within budget, even at vulnerable or remote locations around the world. We seek to ensure that the design and realization of our solutions are as sustainable as possible.

In addition to our infrastructural activities we offer a broad range of maritime services, such as harbour towage, salvage, transport and heavy lift. Terminal services are provided through the new combination Smit Lamnalco, which was established in 2011 and in which we hold a 50% stake. Maritime infrastructure services are provided through our strategic partnership with Archirodon, in which we hold a 40% stake. With the acquisition of MNO Vervat in 2011 Boskalis added a civil contractor of stature to its ranks that forms an excellent addition to our infrastructure and earth-moving activities.

Demand for our services is driven by growing energy consumption, growth in global trade, growth in world population and climate change. Boskalis operates worldwide but concentrates on six geographic regions which have the highest growth expectations for the energy and ports markets. This spread gives us both a solid foundation and the flexibility to be able to secure a wide range of projects, as well as providing excellent prospects for balanced and sustained growth. Our main clients are oil companies, port operators, governments, shipping companies, international project developers, insurance companies and mining firms.

Boskalis has around 14,000 employees, including our share in associated companies such as Smit Lamnalco and Archirodon. The safety of our own employees and those of our subcontractors is paramount. Boskalis has a progressive safety program which is held in high regard in the industry and by our clients. We operate on behalf of our clients in over 75 countries across six continents. Our versatile fleet consists of over 1,100 vessels and equipment. Our head office is based in the Dutch city of Papendrecht. Royal Boskalis Westminster N.V. shares have been listed on the Amsterdam stock exchange since 1971 and are currently included in the AEX index of NYSE Euronext Amsterdam.

Added to My report add to My report Source: Annual review 2011, Boskalis at a glance, page 10