Smit International
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| Type | Public (Euronext: SMIT) |
|---|---|
| Founded | 1842 |
| Founder(s) | Fop Smit |
| Headquarters | Rotterdam, The Netherlands |
| Key people | Ben Vree (CEO), Herman Hazewinkel (Chairman of the supervisory board) |
| Industry | Maritime services |
| Services | Towage, salvage, transportation, heavy lifting vessels |
| Revenue | €704.8 million (2008)[1] |
| Operating income | ▲ €112.5 million (2008)[1] |
| Profit | ▲ €107.8 million (2008)[1] |
| Employees | 3,590 (2008)[1] |
| Website | www.smit.com |
Smit Internationale N.V. (or Smit International) is a Dutch company operating in the maritime sector. The company was founded by Fop Smit as a towage company with a single steampowered tug in 1842. After a merger with Internationale Sleepdienst the name was changed to the present name. The company is listed at the NYSE Euronext stock exchange in Amsterdam. Dutch marine engineer Boskalis made an indicative €1.11 billion takeover offer for Smit on 15 September 2008.[2] Despite the offer being promptly rejected by Smit's board, Boskalis has subsequently built a stake of over 25% in the firm[3] and has expressed a continuing desire to buy a number of its business units.[4]
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[edit] Corporate structure
The company consist of 4 divisions, in order of revenue:
- Transport & Heavy Lift (33.5% of total revenues)
- Salvage (23.9%)
- Harbour Towage (22.8%)
- Terminals (19.8%)
[edit] High profile operations
Its marine salvage division was involved in several high-profile salvage operations such as:
- The Herald of Free Enterprise (1987)
- The Russian submarine Kursk (2000)
- The Ehime Maru (2001)
- The Prestige (2001)
- The Tricolor (2002)
- The Mighty Servant 3 (2006)
- The M/S UND Adriyatik (2008)
Internationally, Smit International is known mostly for its expertise in salvage operations.
Often unrealized is the environmental importance of oil removal in many salvage operations. Smit International has dedicated much research into their modern equipment used to extract remaining oil of sunken vessels. They have also partnered with the French firm JLMD System to support preinstalled Fast Oil Recovery systems which assure quick reliable oil removal in the event of a shipping accident.
[edit] References
- ^ a b c d "Annual Report 2008". Smit International. http://imprima.turnpages.com/DS1/public/slot00050/pdf/compleet.pdf. Retrieved 2009-10-02.
- ^ "Marine services company Boskalis to bid for Smit". Associated Press (CNBC). 15 September 2008. http://www.cnbc.com/id/26716978/for/cnbc/. Retrieved 2008-09-15.
- ^ Gray-Block, Aaron (2 February 2009). "Boskalis ups stake in Smit, could buy more shares". Reuters. http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKL226998020090202?sp=true. Retrieved 2009-05-30.
- ^ van Tartwijk, Maarten (14 May 2009). "Boskalis CEO: Ambition To Buy Several Smit Units". Dow Jones Newswires (The Wall Street Journal). http://online.wsj.com/article/BT-CO-20090514-712958.html. Retrieved 2009-05-30.
[edit] External links
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