Boskalis Singapore

COMPANY PROFILE

2015

BOSKALIS SINGAPORE

+31 78 6969 000 | www.boskalis.com

New Horizons New Dimensions Editorial: Colin Chinery

The growth of Boskalis Singapore has been in tango step with that of this remarkable City State, with the South East Asia arm of the Dutchheadquartered global maritime services group a central player in multi-billion dollar land reclamation and infrastructure projects. “We are rightly seen as the one-stop solution provider for complex and large projects,” says Regional Business Manager, Pranab Choudhury.

Singapore, a 5.4 million population nation smaller than England’s Isle of Wight, so land-starved that the city state is building an industrial park and motor circuit in next-door Malaysia to feed its need for space and speed.

Here land gain is like oxygen, and seven years ago following a massive reclamation project, a string of once crocodile-infested marshland island

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became one artificial island and now hub of Singapore’s world class petrochemical industry.

This is Jurong Island, and close by is Tuas, another former swamp area and now the location of a new port development handling up to 65 million TEU annually - nearly double Singapore’s present capacity at PSA terminals.

Boskalis was and continues

to be a major player in each of these literally ground changing programmes, powering the further development of the richest nation on the globe.

“Over the years we have completed several very large projects such as the land reclamation works in the Tuas and Jurong areas of Singapore and the Phase 2 expansion of the Port

BOSKALIS SINGAPORE

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of Tanjung Pelepas in Malaysia,” says Pranab Choudhury, Regional Business Manager for Boskalis in Singapore.

“The growth of Boskalis Singapore has been – quite literally – directly related to Singapore’s own growth, and we have been fortunate to be involved in almost all major land reclamation projects in Singapore, helping Singapore to grow in size.”

LEADING PROVIDER Royal Boskalis Westminster is a leading global maritime services group providing services in four broadly defined market segments; dredging and inland infrastructures, offshore energy, towage and salvage.

Headquartered in the Netherlands, the company is active in the energy and ports markets, with governments, project developers, insurance companies and the marine and mining sectors among its main clients.

Boskalis has more than 11,000 employees, including a share in partner companies, operating in over 75 countries across six continents, and with over 1100 vessels including one of the world’s largest dredging fleets.

And last month Boskalis completed an outstanding global achievement; the 8bn Suez Canal project in which it played a lead role.

Operating in a consortium involving Van Oord, NMDC and Jan de Nul, Boskalis opened up a 35km

additional lane parallel to the existing canal along with two service and two cross Channels; a dredging world record-breaking 200 million cubic meters of sand, clay and rock in less than nine months.

“A huge undertaking on a world scale… completed in a time that is frankly astonishing,” said Peter Hinchliffe, Secretary General of the International Chamber of Shipping.

Boskalis Singapore was set up in 1983 to win and implement programmes in Singapore and the region, and its growth has been diverse, high profile and impressive.

FIRST AMONG PEERS “We are also the only one among our peers that has the in-house capabilities to provide a complete

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integrated service to our customers - we are rightly seen as the one-stop solution provider for complex and large projects.”

Among its projects, the expansion of the Shell Bukom refinery achieved by combining two islands and reclaiming the land between - and the reclamation of the Changi area, location of Singapore’s iconic airport. “We are happy that we could be a partner in Singapore’s vision to be the aviation hub in the region.”

Currently Boskalis is involved in a consortium awarded work associated with the expansion of

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the Singapore Tuas Mega Port development - Tuas Finger One. This project, which includes building four large size integrated terminals in the Tuas area, will enable Singapore to consolidate port capacities in the deeper waters of Tuas from the present locations in Tanjong Pagar, Keppel, Brani and Pasir Panjang terminals.

The scheme will realise two major objectives; freeing up prominent high value land banks in the Central Business District, and almost doubling the capacity of Singapore ports - from 35 million twenty-foot

equivalent units (TEU) a year to 65 million.

Boskalis will operate alongside Hyundai, Samsung, Penta Ocean, and Van Oord on land reclamation, dredging and construction of 3.4 kilometres of quay wall. With the combined Boskalis / Van Oord share approximately €100 million, work will last until late 2018. Tender process for the second phase - Finger Two - is in progress, with the remaining two phases expected to come in next two to four years.

“We in Boskalis have been keenly following the development of the

BOSKALIS SINGAPORE Tuas Mega port and are equally keen to be a partner with Singapore in the development of the various phases of the port,” explains Mr Choudhury.

“We are very keen to be involved in all the phases of the Tuas Mega Port development as we strongly believe that our experience in delivering large and complex projects would be valuable strengths for this challenging project.”

Another current project - also in a joint venture with Van Oord - follows the PT Muara Wisesa Samudra contract to design and construct an artificial island of reclaimed land off the north coast of Jakarta, Indonesia, part of the dredging and land development work for the new Pluit City, work is expected to be completed in 2018.

And in the Philippines, Boskalis has been awarded a Shell contract for the installation of an offshore depletion compression platform for the Malampaya Project off the Coast of Palawan Island.

This notably complex $60 million commission includes seabed preparation, rock installation, platform transportation and installation work. “It gives us the opportunity to demonstrate how Boskalis can deliver innovative and reliable solutions with a strong focus on safety and the environment,” says Mr Choudhury.

“Undoubtedly, our integrated approach has many benefits for our client because they don’t have to deal with interface issues. They work with one team with all the expertise and the equipment needed.

“Usually the seabed work would be completed and then we would hand over to the client and then the client in turn, hands over to a second contractor for the rock installation. But now we can offer a combined, integrated solution

incorporating so many activities.”

Through sister company SMIT, Boskalis is also active in towage and salvage services. SMIT, like Dockwise, Asia Lift and Keppel, are separate business entities that have become part of the Boskalis group in the last five years.

Each with a strong presence and brand name within the region, their complementary strengths have contributed a strategic fit to Boskalis’s core competency in dredging, reclamation and offshore services.

The synergy created by the acquisitions can already be seen in the Malampaya project in the

Philippines which has elements of transport and install, the core competency of Dockwise. The project was also supported by the Boskalis towage division.

INNOVATIVE AND STRATEGIC “We deliver innovative one-stop solutions to major maritime challenges, and the acquisition of these companies fits nicely with the Boskalis’s strategic framework. We strongly believe that having these companies will help us to move strongly forward in the Energy sector.”

Singapore and South East

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Asia is a strategic market for the company and is expected to grow in the medium to long term, says Mr Choudhury, who joined the team Boskalis in 2001, after spending several years in the private and the government sectors.

“It has been a tremendous journey of excitement and fulfilment. We have been through several challenging

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projects which have been intellectually stimulating and technically challenging.”

Pioneering technologies and new operational systems are distinctive Boskalis characteristics. “In many projects we come up with several innovative designs and work methodologies.

“As projects become more complex in scope and scale,

innovative solutions that can provide sustainable value are required - not only in the design and implementation but also in the overall system and processes.

“I’ve also observed that more and more project owners now look for integrative solutions or someone who can provide them a one-stop service. This helps the owner to reduce interfacing risks.”

With the complementary strength of the group companies, Boskalis has evolved into an organisation that can provide a one-stop fully integrative service to its customers.

BOSKALIS SINGAPORE “We always place a very high and very primary emphasis on customer service, understanding the client’s needs and developing innovative and competitive all-round solutions for the customer.”

FOUR PILLARS In most cases, says Mr Choudhury, this also means along with the client, walking the value creation path together and coming up with solutions that create significant real value.

“Our growth based strategic framework is built on the four pillars of ‘Focus, Optimise, Reinforce and Expand’, which provides us competitive advantage in the market.”

Boskalis has set its sights on growth in Singapore and the surrounding region, and the

“Our strategic vision is to be the leading service provider in the field of innovative and competitive all-round solutions to our customers in this region”

development activities shortly to be announced present major opportunities the company intends to capture.

“Singapore and South East Asia is a strategic market for the company and is expected to grow in the medium to long term,” says Mr Choudhury.

“Singapore has already announced several large land reclamation projects in the next two to five years and we are keen to participate in and add value to these projects.

“Similarly, the other countries in the region have national plans for expanding their infrastructures in the energy and port sectors.

“Our strategic vision is to be the leading service provider in the field of innovative and competitive allround solutions to our customers in this region.”

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