Royal Volker Wessels Stevin N.V. (VolkerWessels) and Royal Boskalis Westminster N.V. (Boskalis) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a strong party combining know-how and equipment allowing it to respond effectively to growth in the market for offshore cable installation projects, particularly in relation to offshore wind farms.
VolkerWessels and Boskalis each hold a 50% stake in the joint venture Visser & Smit Marine Contracting Holding B.V. (VSMC) through VWS Civil and Offshore Constructions B.V and Boskalis Offshore Subsea Contracting B.V. respectively. VSMC will have two cable-laying vessels at its disposal, the Stemat Spirit and Ndurance. The Ndurance is expected to be delivered at the end of this year. Both vessels are fitted with DP class 2 equipment with a cable turntable capacity of around 5,000 tonnes.
VolkerWessels and Boskalis see great potential in the collaboration, given the market developments, VSMC's strong market position and the resulting strength by combining knowledge and equipment. VolkerWessels and Boskalis have already been working successfully together for some years on a project basis, for example on the installation of power cables for sizeable offshore wind farms such as Nordsee Ost and Meerwind in Germany and Westermost Rough and Humber Gateway in the United Kingdom.
VolkerWessels is a Dutch construction group with a decentralised organisational structure and 120 operating companies. We have branches in the Netherlands, the United Kingdom and Canada/United States in three market sectors: Construction & Real Estate, Infrastructure and Energy & Telecom. VolkerWessels and its 15,000 employees have the right solution when it comes to living, work, mobility and energy & telecom. We develop, design, build, finance, manage and operate. We develop, design, build, finance, manage and operate. We do this for our stakeholders: customers, employees, shareholders, suppliers and society in general. VolkerWessels is a company that exploits opportunities and introduces sustainable innovations.
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 with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis Offshore and Dockwise) and towage and salvage (through SMIT). It also has a strategic partnership in terminal services (Smit Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has more than 11,000 employees.