Annual report 20108.31 MB - Boskalis

Boskalis at a glance1. Invest in the dredging fleet - over the pastfew years Boskalis has had various ‘winningvessels’ built in the medium, large and jumbohopper segments. We see ample opportunitiesfor further selective investment in the marketfor dredging activities, particularly in thelargest and smallest segments of the fleet.At the top end we want to recommission themega hopper the W.D. Fairway. In additionwe plan to have three competitive, smallerhoppers built.Given that a few of our jumbo cutters areageing, we also plan to invest in this segmentover the next three years. In 2011 the selfpropelledcutter Taurus II will be upgraded to amega cutter. This investment will considerablyincrease the vessel’s total installed power anddischarge pump power capacity with 60% torespectively 24,600 kW and 16,000 kW andextend its lifespan. We will also replace one ofthe elder jumbocutters by a new self-propelledcutter. This state of the art megacutter will geta total installed power and discharge pumppower capacity of respectively about 24,000kW and 16,000 kW.Subject to the resumption of large-scale landreclamation projects in Singapore, we planto invest in several self-propelled mega sandcarriers; this will involve single-hull tankersbeing converted to enable them to transportlarge quantities of sand over long distances ata competitive cost.2. Invest in other equipment - In response todevelopments we are seeing in the energymarket (both in Oil & Gas and offshore windparks), we are investing in a fallpipe vesseland a hybrid rock dumping/cable layingvessel. The fallpipe vessel is currently underconstruction and will be commissioned inearly 2012.With the completion of new LNG import andexport terminals we expect to see a considerablenumber of new terminal contractsfrom 2012/2013. We plan to build new tugs toservice new terminal contracts.For our Asian Lift Singapore joint venturewe want to have a large floating crane builtwhich can be deployed for heavy lifting workin for example the oil and gas sector in theSoutheast Asia region.We want to achieve further expansion in theBrazilian growth market by investing in newtugboats for our Harbour Towage and TerminalServices segments.Furthermore, we are investing in high-pressurediving equipment (saturation diving) to enableus to extend our existing diving activities toother regions.3. Reinforce Terminal Services - In 2011 we willfurther explore a possible merger of SMITTerminals and Lamnalco, in which Boskalisintends to keep a 50% stake.Expand:• Strengthen regional position• Expand regional position• Add global activities1. Strengthen regional position using existingactivities - We want to strengthen ourposition in the six geographic focus areas.The leveraging of our market presence andstrong client relationships will enable us tooffer a wider range of activities. For example,our dredging activities hold a strong positionin Australia and we see opportunities to alsooffer Terminal Services and Heavy Lift servicesin this market. In Brazil, where we are well-18 Annual Review 2010