Energy Doldrums Force Boskalis to Cut Fleet, Staff
on Friday.
The company will take 10 vessels out of service at its dredging division and 14 at its offshore energy division because poor market conditions were likely to persist.
Falls in available work meant utilisation of the 150-strong fleet was under pressure, Chief Executive Peter Berdowski said. "Because we expect these market conditions to persist, is is essential that we adapt the size and composition of our fleet."
The vessels to be scrapped, sold or layed up have an average age of 30 years.
Boskalis, in common with most dredgers around the world