Table of Contents PROVIDER
Total Page:16
File Type:pdf, Size:1020Kb
Activity Report 2016 A GLOBAL SOLUTIONS Table of contents PROVIDER DEME is a world leader in the highly specialised Introduction fields of dredging, marine engineering and The year at a glance 6 environmental remediation. The Group can build on Group structure 8 more than 140 years of know-how and experience Message from the Board of Directors 11 and has fostered a pioneering approach throughout Management Team and Board of Directors 14 its history, being a front runner in innovation and Financial highlights 16 new technologies. About DEME Although DEME’s activities originated with its core dredging business, the portfolio diversified Strive for sustainability 18 substantially over the decades. Today’s activities People at DEME 24 encompass dredging, land reclamation, hydraulic Health and safety 26 engineering, services for the offshore oil & gas and Innovation 28 renewable energy industries and environmental works. Fleet investment programme 36 DEME’s vision is to work towards a sustainable future Export and project finance 41 by offering solutions for global, worldwide challenges: Continuous improvement 42 rising sea levels, climate change, the transition towards Corporate Social Responsibility 44 renewable energy, polluted rivers and soils, a growing Dredging Solutions population and the scarcity of natural resources. Benelux 56 While the company’s roots are in Belgium, DEME North Europe 60 has built a strong presence in all of the world’s seas Mediterranean 64 and continents, operating in more than 90 countries Eastern Europe and Russia 68 worldwide. DEME can rely on 4,600 highly skilled Asia and Oceania 70 professionals across the globe. With a versatile fleet Africa 74 of over 100 main vessels, backed by a broad range of Middle East 78 auxiliary equipment, DEME can provide solutions for Latin America 80 even the most complex projects. Indian Subcontinent 84 Indian Ocean 88 DEME’s shareholder is the Brussels-based civil engineering contractor CFE, which is controlled by Dredging Plus Solutions the Belgian investment group Ackermans & van Haaren Marine & Offshore Solutions 94 - both publicly listed companies on Euronext Brussels. Environmental Solutions 114 Infra Marine Solutions 124 Thanks to its multidisciplinary capabilities, Fluvial & Marine Resources 130 the synergies in many projects, and its integrated corporate structure, DEME has become a global Concessions 134 solutions provider. DEME fleet and offices 138 5 For the last decade DEME The year at As a pioneer in blue energy, DEME has has been working across been involved in MeyGen Phase 1A, the the Middle East on many world’s first multi-turbine tidal stream prestigious projects. The energy project. The offshore renewables New Port project in Qatar and La Mer Jumeirah market has seen particular growth in While DEME continued a glance Open Beach project in 2016 with contracts secured in Belgium, dredging activities in Dubai were successfully Denmark, Germany and the UK. several ports in India, the completed in 2016. company also returned to Sri Lanka for a project in the port of Trincomalee. EUROPE A high level of activity was seen in Singapore at the Tuas Terminal Phase 1 project. The first of CANADA 222 caissons for the quay wall structure was launched in April 2016. MIDDLE A challenging rock placement project was carried out by Tideway EAST INDIAN on the Lower Churchill hydropower SUB- ASIA project in Labrador, Canada. Because MEDITERRANEAN of the harsh weather conditions, CONTINENT works could only be executed in a very tight timeframe during spring and summer. In the Mediterranean area DEME maintained a high level of activity in Egypt, with TSHD ‘Congo River’ deployed on several projects. In Papua New Guinea the remediation dredging program DEME returned resumed on the Lower to the historical Ok Tedi River. 2017 Panama Canal will mark the 20th project for the OCEANIA anniversary of DEME’s further widening LATIN AMERICA AFRICA INDIAN OCEAN involvement in this and deepening of important ecological the Pacific Access operation. Channel. DEME has been working for In La Réunion works continued for the more than 50 years in Africa and construction of the “Nouvelle Route du maintains a strong presence across Littoral”, a 13 km coastal road built in the continent. For the first time the ocean. DEME also returned to the DEME acquired a contract in Sierra Maldives for major land reclamation Leone for the Freetown Terminal works at Emboodhoo Lagoon. A first extension. contract was secured in Mauritius for the Port Louis expansion project. DEME — Activity report 2016 INTRODUCTION 6 7 DREDGING DREDGING PLUS DEME Group SOLUTIONS SOLUTIONS CONCESSIONS structure 54 94 124 134 DREDGING & LAND MARINE & OFFSHORE INFRA MARINE CONCESSIONS RECLAMATION SOLUTIONS SOLUTIONS – DEME Concessions – Baggerwerken Decloedt & –GeoSea – DEME InfraSea Solutions – DEME Concessions Wind Zoon (BDC) (DISS) – GeoSea Maintenance – DEME Concessions Infrastructure – Dredging International (DI) – DEME Infra Marine –EverSea –C-Power* – Dredging International Asia Pacific Contractors (DIMCO) – High Wind* –Power@Sea* (DIAP) –Tideway –Rentel* – Dragabras Serviços de Dragagem –CTOW* –Seastar* –Mordraga* –Scaldis* – Mermaid* – International Seaport Dredging (ISD)* –Merkur* – DEME Blue Energy (DBE)* – Nordsee Nassbagger- und Tiefbau 130 – Middle East Dredging Company – Global Sea Mineral Resources (GSR) (MEDCO)* FLUVIAL & MARINE – Société de Dragage RESOURCES International (SDI) 114 – DEME Building Materials – Societa Italiana Dragaggi (SIDRA) (DBM) – Dredging International ENVIRONMENTAL Australia (DIAU) SOLUTIONS* – NewWaves Solutions – DEME Environmental – Dredging International Mexico Contractors (DEC) – Far East Dredging (FED) –Ecoterres – Dredging International Services –GRC Cyprus (DISC) – Purazur – Dredging International Services – de Vries & van de Wiel (Nigeria) (DISN) –Extract-Ecoterres * In partnership DEME — Activity report 2016 INTRODUCTION 8 9 Message from the Board of Directors 2016 was a remarkable year for DEME. the widening and deepening of the Pacific It was a year of both transition and opportunity. Access Channel. Several projects have been DEME realised a turnover of 1.97 billion carried out in Egypt and India, while in Europe EUR and an EBITDA of 450.1 million EUR, DEME continued maintenance dredging despite operating in a volatile environment campaigns in Belgium, France and Germany. with challenging conditions in the dredging market and historically low oil, gas and raw The offshore renewables market has seen material prices. particular growth for DEME in 2016. Contracts were secured by GeoSea in Germany, For the first time in DEME’s history, its dredging- Belgium, Denmark and the UK, including an plus activities, including marine and offshore installation contract for Hornsea Project One, solutions, environmental solutions, infra marine the world’s largest offshore wind farm. GeoSea solutions and fluvial and marine resources, was also involved in the groundbreaking reached the same level of turnover as its MeyGen tidal energy project in Scotland, dredging activities. The offshore wind market in the world’s first multi-turbine, tidal stream particular represented an important opportunity power station to be connected to the electricity for DEME. Growth in the renewable energy grid. With DEME Concessions and investments market is also reflected in the geographical in projects like Merkur, Rentel and MeyGen, spread of activities, with 60% of turnover the company continues to be at the forefront of realised in Europe. offshore renewables developments. In the dredging market, activities were DEME’s environmental specialist companies dominated by the Tuas Terminal Phase 1 mega carried out remediation projects in the UK, port project in Singapore. In La Réunion works Norway and Belgium and saw increasing continued for another major project - the activity in their soil and sediment recycling construction of the “Nouvelle Route du Littoral” centres in Belgium and France. DEME Building - with dredging and backfilling works taking Materials maintained a full order book, despite place for the gravity-based foundations of the a slowdown in the construction market. viaduct for the new coastal road. Several new contracts were secured in Africa, including DIMCO, DEME’s infra marine specialist, port expansion projects in Sierra Leone and further reinforced its position in the Benelux Mauritius. DEME had a good level of activity in with several new projects and aims to develop many countries in Latin America, and returned internationally in close synergy with other to the historic Panama Canal project to complete DEME activities. 11 Success drivers Opportunity & Risk Management team has EPC contract. The Group’s specialist companies, 2017 will undoubtedly come with its own been established to capture, assess and manage like DEC and DBM, will continue to seize market challenges, but DEME has a proven strategy all opportunities and risks from day one of a opportunities to remain or become market for growth, and most importantly, a team of Fleet investment project starting up through to its completion. leaders in their sector. DEME will also continue 4,600 employees worldwide with the expertise programme at full speed Additionally, the LESS = MORE 2.0 programme the strong tradition of partnerships either at and innovative spirit to drive further success intends to keep head office costs under control. local, geographic or specialist level. Strategic going forward. The multi-year fleet expansion programme is partnerships