Koninklijke Boskalis Westminster N.V.: Boskalis awarded contract for removal of the Concordia onboard the Dockwise Vanguard

 Koninklijke Boskalis Westminster N.V.: Boskalis awarded contract for removal
                of the Concordia onboard the Dockwise Vanguard

Papendrecht,10 October 2013

Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V.
(Boskalis) has been awarded the contract to load and transport the Concordia
wreck from Isola del Giglio onboard the Dockwise Vanguard. The contract was
awarded by Costa Crociere S.p.A. (the client).

Following the successful parbuckling of the Concordia, and in anticipation of
the pending refloat, Dockwise and the client have been in discussion to seek a
safe solution to remove the Concordia wreck from Isola del Giglio in Italy. In
a unique operation the Concordia can be loaded as a whole onto the Dockwise
Vanguard and safely transported to a location where she can be scrapped. The
client has yet to make a decision in agreement with the local authorities on
the final destination. Alternatives under review include scrapping the vessel
in Italy.

As part of the contract, certain modifications will be made to the Dockwise
Vanguard to accommodate the loading of the Concordia in her current state. The
operation is planned to take place around mid-2014 and contract value of the
work scope as described amounts to approximately USD 30 million.

Click here to download a high resolution version of the artists impression of
the Concordia on board of the Dockwise Vanguard

The Dockwise Vanguard is the world's largest semi-submersible ship uniquely
positioned to lift and transport extremely heavy cargoes in a dry and safe
manner. The ship was initially designed to transport offshore oil and gas
structures, but can also carry other vessels and act as an offshore dry dock
facility. The Dockwise Vanguard has an open and flat stern and bow-less deck
measuring 275 meters by 70 meters allowing the vessel to transport cargo
longer and wider than the deck dimensions. When the ballast tanks are flooded,
the ship deck submerges below the surface, allowing her to handle deep draught
cargoes. Once the Dockwise Vanguard is semi-submersed, the floating Concordia
will be brought in position above the deck and as the ballast tanks are
emptied, the entire ship including the Concordia is brought above the water
line allowing her to transport the cargo in a safe and swift manner.

Boskalis, through its wholly-owned subsidiary SMIT Salvage, also provided
emergency response services in the first months following the Concordia
accident. SMIT Salvage, together with its local partner Tito Neri,
successfully removed the bunker fuel from the ship and acted as caretaker from
mid-January through to mid-March in 2012.

Boskalis views this project as strategically important demonstrating the
opportunities for combining maritime services and assets across the breadth of
the company. Furthermore, the use of the Dockwise Vanguard for this extreme
salvage operation shows the versatility of the vessel. The recently announced
transportation of a FPSO, a recent successful dry docking operation and this
salvage transport contract award demonstrate the potential of the vessel.

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.

This press release can also be found on our website www.boskalis.com.


Investor Relations:
Martijn L.D. Schuttevâer

Arno Schikker

T +31 78 6969310
F +31 78 6969020

pdf version press release
Artists Impressions


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Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE