Royl.Boskalis Share Discussion Threads

[waldron] 02/3/2012 19:23

Boskalis and Jan de Nul land Argentina dredging contract
Thursday 23 February 2012, 15:11
Ports & Logistics .DUTCH maritime service groups Boskalis and Jan de Nul Group have won a joint contract totalling €90m ($119.6m) for capital and maintenance dredging in the grain and energy port of Bahia Blanca, Argentina. Boskalis said that its share of the contract is worth approximately €55m

[ariane] 14/2/2012 08:24

Bloomberg

Boskalis Falls as Deme Wins Wheatstone Contract: Amsterdam Mover
February 14, 2012, 2:13 AM EST
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By Martijn van der Starre and Maud van Gaal


Feb. 13 (Bloomberg) -- Royal Boskalis Westminster NV fell the most in almost six months in Amsterdam trading after the world's biggest dredging company was beaten by a Belgian contractor for an order in Western Australia.

Boskalis dropped 1.89 euros, or 6.2 percent, to 28.38 euros, the biggest decline since Aug. 18.

"We got indications that we won't get the job and we also see on certain websites that it has been granted to a competitor," Martijn Schuttevaer, a spokesman for Papendrecht, Netherlands-based Boskalis, said by telephone today.

Chevron Corp., the second-largest U.S. oil producer, won government approval last year for its A$29 billion ($31 billion) Wheatstone liquefied natural gas project in Western Australia. Dredging Environmental & Marine Engineering NV, a company known as Deme that's owned by Ackermans & van Haaren NV and Cie. d'Entreprises CFE SA, was granted a marine-dredging order, according to a filing on a Chamber of Commerce and Industry of Western Australia website.

"A project with the size of Wheatstone at a couple of hundreds of millions is certainly sizable on an order book of a small 2 billion euros ($2.6 billion)," and a failure to win the contract would be "disappointing," Andre Mulder, an analyst at Kepler Capital Markets in Amsterdam, said in a report. Mulder has a "buy" recommendation on Boskalis shares.

CFEB gained 5.8 percent to 46.01 euros in Brussels, while Ackermans added 1.5 percent to 61.45 euros.

Ann Wittemans, a spokeswoman for Zwijndrecht, Belgium-based Deme, wasn't immediately able to comment.

--With assistance from Gaurav Panchal and Alexis Xydias in London. Editors: Tom Lavell, Robert Valpuesta.

To contact the reporters on this story: Martijn van der Starre in Amsterdam at [e-mail]; Maud van Gaal in Amsterdam at [e-mail]

To contact the editors responsible for this story: Mariajose Vera at [e-mail]; Frank Connelly at [e-mail]

[ariane] 14/2/2012 08:01

Financial Calendar


15 March 2012
07:00 CET
Publication of 2011 full-year results

10 May 2012
early afternoon
Trading update for first period of 2012

10 May 2012
Annual General Meeting of Shareholders

16 August 2012
07:00 CET
Publication of 2012 half-year results

[ariane] 13/2/2012 13:32

Boskalis Falls as Deme Wins Wheatstone Contract: Amsterdam Mover
February 13, 2012, 7:54 AM EST
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Swiss Stocks Slide as Greece Resists Cuts; Nobel Biocare Falls
NYSE Net Income Falls; Shares Gain as Profit Beats Estimates
Oil Falls From Three-Week High as Greece Counters U.S. Economy
By Martijn van der Starre and Maud van Gaal


Feb. 13 (Bloomberg) -- Royal Boskalis Westminster NV fell the most in almost six months in Amsterdam trading after the world's biggest dredging company was beaten by a Belgian contractor for an order in Western Australia.

Boskalis dropped as much as 7.4 percent to 28.04 euros, the biggest intraday decline since Aug. 18, and was trading down 5.3 percent at 12:52 p.m.

"We got indications that we won't get the job and we also see on certain websites that it has been granted to a competitor," Martijn Schuttevaer, a spokesman for Papendrecht, Netherlands-based Boskalis, said by telephone today.

Chevron Corp., the second-largest U.S. oil producer, won government approval last year for its A$29 billion ($31 billion) Wheatstone liquefied natural gas project in Western Australia. Dredging Environmental & Marine Engineering NV, a company known as Deme that's owned by Ackermans & van Haaren NV and Cie. d'Entreprises CFE SA, was granted a marine-dredging order, according to a filing on a Chamber of Commerce and Industry of Western Australia website.

"A project with the size of Wheatstone at a couple of hundreds of millions is certainly sizable on an order book of a small 2 billion euros ($2.7 billion)," and a failure to win the contract would be "disappointing," Andre Mulder, an analyst at Kepler Capital Markets in Amsterdam, said in a report. Mulder has a "buy" recommendation on Boskalis shares.

CFEB gained 6.4 percent to 46.25 euros in Brussels, while Ackermans added 2 percent to 61.71 euros.

Ann Wittemans, a spokeswoman for Zwijndrecht, Belgium-based Deme, wasn't immediately able to comment.

--With assistance from Gaurav Panchal and Alexis Xydias in London. Editor: Tom Lavell

To contact the reporters on this story: Martijn van der Starre in Amsterdam at [e-mail]; Maud van Gaal in Amsterdam at [e-mail]

To contact the editors responsible for this story: Mariajose Vera at [e-mail]; Frank Connelly at [e-mail]

[waldron] 18/8/2011 13:11

Boskalis Warns Of Falling Infrastructure Investment Due To Debt Crisis
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Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Thursday 18 August 2011
AMSTERDAM (Dow Jones)--Dutch maritime services provider Royal Boskalis Westminster NV (BOKA.AE) Thursday warned that economic uncertainties were prompting oil and gas developers and port operators to delay investments, a sign of the growing impact of the debt crises in Europe and the U.S.

Boskalis, which clears ports and waterways around the world as well as constructing foundations for oil platforms and reclaiming land for oil terminals, said it stood to benefit from investment plans already in place for the world's ports and oil fields, but that the recent economic fears would push the investments back by up to two years to 2012 or 2013.

"Large-scale investment plans in the oil and gas industry as well as global port developments will have a positive impact on Boskalis. We do, however, expect that the recently exacerbated macroeconomic unrest will affect the timing of these investments," Chief executive Peter Berdowski said in a statement.

The outlook hit the stock hard, with Boskalis shares down 11.3% at EUR23.50 at 1010 GMT, one of the biggest declines in a European market that was again posting big losses due to fears of a global economic slowdown and a lack of a solution to Europe's sovereign debt crisis.

The warning from Boskalis echoes comments by Dutch oil and gas-services provider Fugro NV (FUR.AE), which Friday warned that current economic uncertainty is causing delays in the awarding of projects.

Boskalis said that equipment utilization across its businesses was under pressure due to lower volumes and increased competition in the first half of the year, although its revenues rose 9.6% to EUR1.25 billion due to last year's acquisition of towage and salvage company Smit.

Net profit in the six months to end-June fell to EUR114.1 million, from EUR123.9 million a year earlier when a one-off gain of EUR17.3 million in connection with a revaluation on shares in Smit.

For the second half of the year, Boskalis expects results to be in line with the fist six months.

Boskalis' key dredging unit, which accounts for about 60% of total revenue, reported a 4.7% fall in revenue to EUR771 million as activity in the Middle East declined sharply. The business, which includes work for the creation of land in water, coastal defense and riverbank protection, suffered from a lower fleet utilization level, causing its operating result to drop by 13.7% to EUR113 million.

Earlier this year Boskalis said it expects profit in 2013 to beat the record level in 2010, but Berdowski warned that developments in the second half of 2011 will be key for its 2013 outlook. "The current circumstances are not helpful for the 2013 outlook," the CEO said.

- By Robin van Daalen; Dow Jones Newswires; [phone]; [e-mail]

[grupo guitarlumber] 18/8/2011 10:57

Royal Boskalis Westminster NV plunged 11 percent to 23.65 euros, the largest drop since 2008. The world's biggest dredging company said first-half net income fell to 114 million euros ($164 million) from 124 million euros a year earlier. The average estimate in a Bloomberg survey of five analysts was for profit of 116 million euros.

[grupo guitarlumber] 18/8/2011 07:07

Boskalis Profit -8%, Sees Project Delays Due To Economic Uncertainty
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Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Thursday 18 August 2011
Dutch maritime services provider Royal Boskalis Westminster NV (BOKA.AE) Thursday reported a 8% drop in net profit for the first six months of 2011 and said recent macro-economic unrest will likely affect the timing of investments in large-scale oil and gas projects.

MAIN FACTS:

- Net profit for the first half of 2011 came in at EUR114.1 million compared to EUR123.9 million a year earlier.

- The net profit figure for the first half of 2010 included a one-off gain of EUR17.3 million in connection with a revaluation result on the shares held in SMIT due to the acquisition.

- Revenue for the first six months of 2011 was EUR1.25 billion, up from EUR1.14 billion with the rise being wholly attributable to the SMIT consolidation effect.

- Revenue in the Dredging & Earthmoving and Maritime Infrastructure segments was down on the same period of last year.

- Compared to the end of 2010 there was a decline in the order book to EUR3 billion.

- The operating result (EBIT) increased by 8% to EUR162.9 million (first half of 2010: EUR150.8 million). In comparison with the first half of 2010, the impact of the acquisition of SMIT, effective from 1 April 2010, should be taken into account.

- The dredging activities saw a decline in the market, with fleet utilization levels under pressure on the one hand but margins on current projects remaining at a very acceptable level on the other.

- The Board of Management expects that, barring unforeseen circumstances, the result for the second

half of the 2011 financial year will come in line with the first half.

- Total capital expenditure in 2011 is expected to amount to EUR300-325 million.

- The recently exacerbated macro-economic unrest will affect the timing of investments in large-scale projects in the oil and gas industry as well as global port developments

- Investment decisions in large-scale projects may slip into 2012 and 2013

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]

[ariane] 01/8/2011 08:25

Boskalis Gets EUR200 Million Contract In Brazil
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Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Monday 1 August 2011
Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Monday that it has won a contract to a new port terminal at Superporto do Acu, an industrial complex in the north of Rio de Janeiro.

MAIN FACTS:

-The contract is worth around EUR200 million.

-Work on the project is expected to start shortly and last for a total of two years.

-Boskalis will deploy a jumbo cutter suction dredger, two large trailing suction hopper dredges, a clamshall dredger and supporting marine equipment as well as dry excavation equipment.

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]

[waldron] 05/4/2011 10:35

Boskalis Expects To Meet Its 2010 Net Profit In 2013
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Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Tuesday 5 April 2011
Dutch dredging company Koninklijke Boskalis Westminster NV (BOKA.AE) Tuesday said it should be able to match its strong 2010 results in 2013, while it said it will invest EUR1 billion in its fleet.

In a strategy presentation for the 2011 to 2013 period, Boskalis said it will match the result of a net profit on EUR310.5 million in 2010 in 2013, and reiterated that the 2011 result will be lower than in 2010.

Boskalis also said it will concentrate on six regions in the next few years, Northwest Europe, Brazil, South and West Africa, Middle East, Southeast Asia and Australia.

Among other ventures, Boskalis plans to invest in a fallpipe vessel and said it wants to expand further in Brazil by investing in new tug boats for its harbor towage and terminal services activities.

Boskalis said it wants to maintain its 50% stake in Lamnalco, a provider of marine services from the United Arab Emirates. "We will further explore a possible merger of Smit and Lamnalco," Boskalis said. Boskalis acquired Smit, a Dutch maritime-services company, in 2009.

Last month, Boskalis said the dredging sector could see about EUR10 billion in new orders in the coming four years from the oil and gas industry, mainly due to a surge in investment in liquefied natural gas projects.

The expected rise in order intake made Boskalis upbeat about the mid-term, even though the company said it is still experiencing pressure on its margin and volumes.

The economic downturn resulted in a slump in new projects for the dredging industry, and subsequent overcapacity that hit the sector forced Boskalis to take on fewer and less profitable orders in 2008 and 2009.

Boskalis shares were off 1.06, or nearly 3%, to EUR36.95 at 944GMT.

-By Anna Marij van der Meulen; Dow Jones Newswires; [phone]; [e-mail]

[grupo guitarlumber] 23/1/2011 10:17

21 January 2011 - Extraordinary General Meeting of Shareholders


17 March 2011 - Publication of 2010 full-year results


12 May 2011 - Trading update for first period of 2011


12 May 2011 - Annual General Meeting of Shareholders


18 August 2011 - Publication of 2011 half-year results

[ariane] 06/12/2010 07:55

Boskalis Acquires Two Salvage Contracts In India
Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Monday 6 December 2010
Royal Boskalis Westminster N.V. (BOKA.AE) announced Monday that it's subsidiary SMIT Salvage has acquired two ship salvage contracts in India.

MAIN FACTS:

-The combined value of the contracts is approximately EUR50 million.

- Both assignments are currently underway and are expected to be completed before the end of the first quarter 2011.

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]; [e-mail]

[grupo guitarlumber] 19/8/2010 07:00

Royal Boskalis Westminster NV (BOKA NA): The world's biggest dredging company may say first-half net income dropped to 82.8 million euros ($106.6 million), according to the average of four analyst estimates compiled by Bloomberg, from 102.7 million euros a year earlier. Boskalis gained 2.6 percent to 33.03 euros.

To contact the reporter on this story: Kelly Bit in New York at [e-mail]

[grupo guitarlumber] 17/8/2010 17:19

PREVIEW : Boskalis H1 net profit falls 8 % in 2010
Tuesday, August 17, 2010 3:30 p.m.
LONDON ( Dow Jones) - Boskalis makes Thursday the first half of 2010, 8% lower net profit of EUR95 one million known where in the same period one year earlier EUR103 million was . That is the median estimate of three analysts by Dow Jones consulted . They also rely on an operating profit ( EBIT) of EUR123 million and a turnover of EUR1.089 million. A year ago , turnover EUR989 million and operating profit EUR120 million. It is the first time that the results of the Boskalis Smith will take over , and analysts are therefore looking forward to the consolidated figures . Boskalis also examines whether the previously issued earnings outlook maintains a lower and a good capacity utilization in 2010 compared to 2009 . Around 15.15 hours the share record 1.9 % to EUR31 , 77 , while the AEX index rose by 1.4 % . ( LDF )

Dow Jones Newswires : [phone] ; [e-mail]

[ariane] 17/8/2010 09:05

Boskalis Wins Cap And Maintenance Dredging Project In Angola
Boskalis Westmin (EU:BOKA)
Intraday Stock Chart
Today : Tuesday 17 August 2010
Royal Boskalis Westminster N.V. (BOKA.AE) Tuesday said it was awarded a contract for the capital and maintenance dredging of the Soyo LNG port in Angola.

MAIN FACTS:

- The total contract value is approximately EUR155 million in which Boskalis has a 50% share.

- The contract was awarded by Angola LNG Ltd. and work is set to commence in 2010 and capital dredging is set to be completed by mid 2011.

- Included in the contract is an optional maintenance contract running from early 2012 until early 2014.

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]

[grupo guitarlumber] 15/8/2010 08:03

19 August 2010 - Publication Half Year Results 2010

[waldron] 19/7/2010 10:22

DEME/Boskalis joint venture wins work in Mexico
15 Jul 2010
Belgian dredging company DEME and Dutch dredging company Boskalis have been awarded an important contract in Mexico.

The contract covers dredging works for an LNG terminal on the west coast of Mexico. The work will be executed by DEME in a joint venture with Boskalis.

The contract was signed early this month and work was due to start immediately. DEME will deploy a large cutter suction dredger and a large trailing suction hopper dredger. The cutter suction dredger Vlaanderen XIX has been working in Central and South America for some time, recently participating in widening and deepening works at the Pacific side of the Panama Canal, and at PSA's Rodman quay in Panama.

The new assignment requires dredging an access channel, the creation of a turning basin and a mooring area for the new LNG terminal at Manzanillo in the Cuyutlan lagoon.

The terminal will be operational by the end of 2011 and will import LNG from Camisea in Peru.

A total of 12.5 million m³ will be dredged by the consortium. The dredged material will be moved to a temporary location in front of the beach to then be re-dredged by a trailing suction hopper dredger and be deposited in an assigned offshore area.

The contract was awarded by the Ministry of Communication and Transport of Mexico (Secretaria de Communicaciones y Transporte).

[waldron] 19/6/2010 18:34

(Adds detail, CEO comment.) By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will help to build sand berms to protect the Louisiana coast from the oil spill in the Gulf of Mexico.

Boskalis, the world's largest dredging company, said it has deployed a trailing suction hopper dredger as of Wednesday. The vessel, sailing under the U.S. flag, joins a fleet that will build sand barriers along the Louisiana coast to stop oil from flowing into the state's fragile and hard-to-clean marshes.

The project was awarded by the State of Louisiana after U.S. President Barack Obama gave his approval for the program, Boskalis said. The deal won't result in a significant financial gain, it added.

A team of U.S. government and independent scientists Tuesday increased their estimate of how much oil is flowing from BP PLC's (BP) damaged well in the Gulf of Mexico. It said that it now estimates that between 35,000 and 60,000 barrels a day are emanating from the well.

The sand berms, which will be six feet high and around 75 kilometers long, will be positioned to the south of New Orleans, in line with the Chandeleur Islands and stretching from East Grand Terre island to Sandy Point.

"Based on a rough estimate it will take 3 to 4 months to complete the project. But this estimate is surrounded with big uncertainties due to the difficult circumstances", Chief Executive Peter Berdowski told Dow Jones Newswires.

Some environmental experts in the U.S. have voiced concerns about the plan, saying the sand berms won't keep all the oil away from the Louisiana coast and that they might disrupt the ecological system.

"We'll closely monitor possible side effects during the project," Berdowski said. "I admit it's like choosing between two evils and [sand berms] aren't the panacea for the whole problem. But if the oil flows into the marshes it will be nearly impossible to remove it," he added.

Boskalis has some experience in dealing with oil spills: in 2000 it helped cleaning up after the sinking of the oil tanker Erika off the French coast.

-By Maarten van Tartwijk; Dow Jones Newswires; [phone]; [e-mail]

(Susan Daker contributed to this article)

[grupo guitarlumber] 16/6/2010 09:59

Boskalis To Deliver Sand Berms To Protect Louisiana Coast
By Maarten van Tartwijk
Of DOW JONES NEWSWIRES

AMSTERDAM (Dow Jones)

Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will deliver sand berms to protect the Louisiana coast from the oil spill in the Gulf of Mexico.

Boskalis, the world's largest dredging company, said it has deployed a trailing suction hopper dredger that will deliver sand berms along the Louisiana coast to stop oil from flowing into the state's fragile and hard-to-clean marshes.

The sand berms will be positioned to the south of New Orleans, in line with the Chandeleur Islands and stretching from East Grand Terre island to Sandy Point, Boskalis said.

The sand berms will be six feet high and around 75 kilometers long, it added.

-By Maarten van Tartwijk; Dow Jones Newswires; [phone]; [e-mail]

[ariane] 09/6/2010 08:14

Boskalis Issues 2.3 Million New Shares For Stock Dividend
AMSTERDAM (Dow Jones)

Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will issue 2.3 million new shares, after 62% of its shareholders have chosen to be paid a stock dividend.

MAIN FACTS:

-Boskalis says that 62.4 percent of its shareholders have elected a stock dividend distributed in the form of ordinary shares. As a result, 2,322,974 new ordinary shares will be issued Wednesday.

-With the admission, the total number of the ordinary shares of Boskalis is 100,974,263.

- By Amsterdam Bureau, Dow Jones Newswires; [e-mail]