Papendrecht, June 9, 2022
In light of European sanctions legislation, Boskalis suspended activities on a Russian LNG project earlier this year. In response to this decision, the client Saren BV considered that there was a breach of contract and therefore requested the payment of 39.5 million euros under the bank guarantees. Today, the interim relief judge ruled in favor of Boskalis on all material points and no payment can be made either to Saren or to the end customer in Russia.
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Martijn LD Schuttevaer
T +31 786969310
Royal Boskalis Westminster NV is a leading global service provider operating in the dredging, marine infrastructure and marine services sectors. The company provides creative and innovative global solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defence, riverbank protection and land reclamation, Boskalis is able to provide adaptation and mitigation solutions to combat the effects of climate change, such as extreme weather conditions and sea level rise, as well as providing solutions for the growing need for space in coastal and delta regions around the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is also active in the construction and maintenance of ports, waterways, access canals and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global expert in maritime salvage and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lambalco). With a versatile fleet of over 600 vessels and floating equipment and over 10,000 employees, including associates, Boskalis is creating new horizons around the world.
This press release is also available on our website www.boskalis.com.
Saren call ENG 09062022