Dutch marine firm Boskalis’ offshore energy division performed in line with expectations with a slightly higher revenue level compared to the first quarter 2020.
Overall, the company experienced a further increase in order book to €5.6bn in the first quarter of 2021.
The offshore energy order book rose by 10%, with wind projects now accounting for half of the Boskalis order book.
The contracting part of the offshore division consists of seabed intervention, heavy lifting (including offshore wind foundations) and subsea cables.
At seabed intervention, the main revenue contribution came from a floating storage and regasification unit project in El Salvador as well as the Yunlin offshore wind project in Taiwan.
Subsea cables had a relatively busy quarter with projects including Ostwind 2 and Morray East in progress.
At heavy lifting, engineering preparations are in full swing for the Changfang & Xidao project that will enter its execution phase in Taiwan later this year.
A number of vessels were recently added to the offshore energy fleet.
In early January, this was the Boka Tiamat, a multi-purpose offshore construction vessel.
This vessel will initially be used for offshore wind projects in Taiwan.
In late March, the Lewek Fulmar was acquired, the sister vessel of the Boka Falcon that was added to the fleet in 2019.
In early April, the large CSV Southern Ocean was acquired.
The vessel can be deployed on a broad variety of projects throughout the division.
At Marine Survey, the new geophysical survey vessel the Ocean Resolution was commissioned and has been in full operation since the first quarter.
Furthermore, two vessels were recently purchased that will be converted in the coming months into respectively a geotechnical (Horizon Geodiscovery) and a geophysical (Ocean Geograph) survey vessel.
Finally, the conversion of the Bokalift 2 crane vessel is progressing well.
The vessel will be deployed on the Changfang & Xidao wind project immediately upon completion.