Boskalis rises

Dutch shipping group Boskalis has recorded higher revenue in the first quarter of 2014.

It did not give figures, but said that, adjusted for the acquisition of heavy-lift owner Dockwise, the total income was also up on 2013.

Dredging margins were at a similar level to last year, with the utilisation of the hopper fleet stable.

The cutter fleet increased its utilisation.

But the division's orderbook fell.

Utilisation of the offshore transport fleet and floating sheerlegs was good, it added.

The activities of Fairmount Marine - acquired at the beginning of March - will be included in the consolidated figures from the second quarter.

The towage and salvage division, which includes Smit, reported lower revenue, but with good underlying margins.

It has won salvage contracts during the quarter for the car carrier Baltic Ace in the North Sea and a jack-up rig off the coast of Angola.

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