Jan De Nul Releases Annual Report

The Jan De Nul Group has released its annual report citing a turnover of 1.758 million euro ($2.1 million USD) and an EBITDA of 365 million, rising to 21 percent of the company’s turnover. The net profit for the year was 70 million euro ($82 million USD). Overall, the Jan De Nul Group is a net debt-free company for the fourth year in a row with a net cash position (positive balance) at the end of 2017 of345 million euro ($405 million USD). 2017 concluded with an order book of 2.61 billion euro ($3.05 billion USD).

Jan De Nul Group’s core activities are maritime works, both dredging and offshore activities, civil works and environmental works. The company often integrates these activities for multidisciplinary projects, such as the extension of the territory of Monaco, reclaiming 14.36 acres from the sea, where the dredging division is responsible for dredging and land reclamation works, the environment division for processing the contaminated sediments and the offshore division for submarine rock installation works.

Other notable projects in 2017 included major port infrastructure projects in France (Calais), Morocco (Nador), India (Mumbai), Mozambique (Maputo), Ghana (Takoradi) and Colombia (Buenaventura), land reclamation projects in Monaco, Taiwan, Indonesia, Mexico, the Bahamas and Panama and several maintenance dredging andcoastal protection projects worldwide.

Outside of projects, Jan De Nul undertook strategic investments to build its fleet and production. In 2017, Jan De Nul Group ordered three hopper dredgers, two with a capacity of 6,000 cubic meters (7,848 cubic yards) each and one 18,000-cubic-meter (23,543-cubic-yard) hopper dredge. Both 6,000-cubic-meter (7,848-cubic-yards) hopper dredges will be built by Keppel Offshore & Marine in Singapore with scheduled deliveries at the end of 2019 and in the first half of 2020. The larger hopper dredge will be built in China by COSCO with completion scheduled for 2020.

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The company’s newest and largest self-propelled cutter suction dredge Willem van Rubroeck was launched in August 2017 on the shipyard Uljanik in Croatia. However, the construction of the vessel is set back following a reorganization on the shipyard. Its delivery is now planned for autumn 2018. Three hopper dredges with a capacity of 3,500 cubic meters (3,578 cubic yards), each by Keppel Singmarine in China, are scheduled for delivery the second half of 2018 and the first half of 2019. These vessels will be named after the Portuguese explorers Afonso de Albuquerque, Diogo Cão and Tristão da Cunha.

The complete annual report of Jan De Nul Group can be downloaded here