Boskalis Secures Important LNG Module Transport Contract

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Posted February 8, 2019

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract for the transportation of a large number of modules for a North American LNG export facility. The contract value amounts to approximately USD 55 million with additional options for extensions, worth up to USD 30 million.

The scope of work includes the logistical management and transportation of various large modules from a fabrication yard in China to the facility in North America. The contract ties up two high-end open-stern heavy transport vessels commencing the second quarter of 2021 through to the third quarter of 2022.

The Boskalis strategy accounts for the long term macro-economic trends that drive global demand in our selected markets: global trade, increasing energy consumption, population growth and the challenges related to climate change. This project is tied to the increase in energy consumption with natural gas being recognized as an important bridge in the energy transition.

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. Core activities, including coastal defense, riverbank protection and land reclamation, allow Boskalis to provide adaptive and mitigating solutions to combat the impacts of climate change, sea level rise and to deliver solutions for the increasing need for space in coastal and delta regions in the world. The company facilitates the development of offshore energy infrastructure, including renewables. It is furthermore active in the construction and development and maintenance of ports, waterways, access channels and civil infrastructure, contributing to improved trade flows and the socio-economic development of a region. In addition, Boskalis is a global marine salvage expert and 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 is building new horizons in 90 countries across six continents.

Source: GlobeNewswire