Imtech: recovery of maritime market in Far East and Singapore
(Thomson Reuters ONE) -
Gouda - Imtech (technical services provider in Europe and on the global maritime
market) is observing a recovery of the technological maritime market in the Far
East and Singapore. Imtech draws this conclusion based on of the growing intake
of orders in this region over the past few months. In this period, Imtech has
obtained new orders representing a total value of 36 million euro. With a total
of 10 local offices, Imtech has a strong position in this region and sees good
opportunities for further growth in the near future.
Imtech CEO René van der Bruggen: 'I just came back from a visit to our key
business locations in China and Singapore. The maritime economic climate is
recovering there. This region is developing into an important centre for global
shipping. In the first half-year of 2010, over 200 contracts for the
construction of new ships were put on the market - considerably more than last
year. With our main offices in Hong Kong, Shanghai and Singapore and six
secondary offices in other maritime centres, we cover the market segments
offshore and special vessels, work boats, container vessels, bulk carriers,
luxury yachts and navy vessels. The combination of complex (tailor-made)
technical total solutions, innovative technology in the area of automation,
energy, navigation & communications, and proven technology ensures that Imtech
can offer an extensive range of services to both Asian shipyards and Western
owners who order their vessels to be built there. Imtech focuses on new
construction and upgrading, maintenance and management in relation to a ship's
total lifecycle. This year, we expect to cross the line of 100 million euro in
order intake in this region for the first time, thanks to, among other things,
the fact that the various offices work together more intensively and are able to
realise the synergies of cross-selling.'
Oil and gas market
In the last quarter of 2009, particularly in Singapore, there was a recovery in
oil and gas markets thanks to the demand for energy picking up in the Asian
region. For example, Imtech received orders to supply technical solutions on
board a Boskalis rock dumping vessel, an Acergy heavy-lift crane
vessel/pipelayer, an offshore support ship owned by Drydocks World Singapore and
various high-tech navigation & communications, hardware/software and
telecommunications projects on board ships and offshore platforms owned by
Gazflot, Noble Drilling, Saipem and Modec/Petrobas. Options have also been
signed for multiple ships and platforms in the near future.
Container and bulk market
The Chinese demand for steel and iron have picked up considerably at the start
of this year. Thanks to this growing demand, and the increase in global trade,
the maritime container and bulk market is showing a recovery. Shipping traffic
is increasing. For Imtech, this entails an increase in the number of orders for
upgrading and a higher volume of maintenance orders. In addition, Imtech is
active as a technology partner in the market for new construction, which is
picking up at Chinese shipyards such as the Ouhua Shipyard, Dao Da Shipyard,
Guangzhou Wenchong Shipyard, PACC Yeuxin Ocean Engineering Shipyard and the
Fujian South East Shipyard. Besides navigation & communications technology,
Imtech is also involved in a number of energy distribution programmes and
'green' technology.
Luxury yachts and navy vessels
The market for luxury yachts and navy vessels stays at the desired level for
Imtech in this region, as is evidenced by orders to supply technology on board
two 45-m long high-tech 'Porsche Design' catamarans in Vietnam, integrated
platform management systems for two minesweepers of the Singapore navy and an
order to supply spare parts to the South Korean navy.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Manager Corporate Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04
E:pieter.koenders(at)imtech.eu E:jeroen.leenaers(at)imtech.eu
www.imtech.eu www.imtech.eu
Imtech profile
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT and mechanical engineering. With approximately
23,000 employees, Imtech achieves annual revenue of more then 4.3 billion euro.
Imtech holds strong positions in the buildings, industry and
infrastructure/traffic markets in the Netherlands, Belgium, Luxembourg, Germany,
Eastern Europe, Nordic, the UK, Ireland and Spain and in the global marine
market. In total Imtech serves 20,000 customers. Imtech offers added value in
the form of integrated and multidisciplinary total solutions that lead to better
business processes and more efficiency for customers and the customers they, in
their turn, serve. Imtech also offers solutions that contribute towards a
sustainable society, for example in the areas of energy, the environment, water
and mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam,
where Imtech is included in the Midkap Index. Imtech shares are also included in
the Dow Jones STOXX 600 index.
[HUG#1431155]
pdf version press release: http://hugin.info/130755/R/1431155/377682.pdf
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Source: Imtech N.V. via Thomson Reuters ONE
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Datum: 13.07.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 23792
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