Energy market lucrative to giant Dutch dredging firm

PAPENDRECHT – Dutch dredging firm Bos Kalis, the largest in the world, is profiting handsomely from the increasing investments in the energy sub-sectors such as oil and natural gas. These industries are building terminals and offshore pipelines in various places, pushing the order book of the Papendrecht firm to a record $3.325 billion. Last year, the firm’s profit jumped by 86 percent to $154 million on billings of $1.79 billion. These results also pushed up the value of the shares to over $89 each. Bos Kalis plans a 1 to 3 split.