Royal Boskalis Westminster and Royal Volker Wessels Stevin to establish a joint venture

July 18, 2013

Royal Boskalis Westminster and Royal Volker Wessels Stevin (VolkerWessels) will establish a joint venture (JV) for carrying out offshore cable installation. Boskalis and VolkerWessels will each hold a 50% stake in Visser & Smit Marine Contracting—currently a 100% subsidiary of VolkerWessels—which will continue its activities under the name VSMC. The JV will focus on installing offshore power cables, such as for wind farms, and both infield and export cables. Through the JV, VSMC will have access to two cable-laying vessels, the Stemat Spirit and the Ndurance, a new-build vessel due to be delivered this year. These vessels are fitted with DP class 2 equipment with a cable turntable capacity of around 5000 tonnes and are wholly owned by the two parent companies.



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