Page 40: of Maritime Reporter Magazine (June 2022)

INTERVIEW PIETER VAN OORD, CEO,VAN OORD emission from the engines on our vessels. That means that we extremely motivated to contract with contractors with a low have to make two choices. emission solution.

One, we have to choose the type of engine suitable for low- For that reason we have chosen – on both vessels we’re er emission fuels or E-fuels. Two, we have to make a decision, building at this moment, a new cable-laying vessel, Calypso, with respect to choice of fuel, and the jury is still out. We don’t which we have contracted with Vard; and the Boreas (WTIV) know whether it’s going to be methanol, ammonia. It could be which we have contracted with Yantai Raf? es – both vessels hydrogen. have engine types suitable for E-fuels.

We have just ? nalized a series of three dredgers running on So you make an extra investment to make those vessels able

LNG. Where the footprint of LNG is much better than marine to run on those E-fuels.

fuel, marine diesel, we see LNG as a transition fuel. With respect to the Boreas, particularly, we have made a

With respect to offshore wind, we see that our customers are decision that we’re going to make her dual fuel and suitable

Van Oord’s 2021 ‘By the Numbers’

People in fte: 4,725 (2020: 4,369)

Number of nationalities: 83 (2020:73)

Planet, carbon footprint in tons: 487,724 (2020: 589,068)

Revenue: EUR 1.5 billion (2020: 1.7 billion)

EBITDA: EUR 67 million (2020: 226 million)

Net result: EUR - 62 million (2020: 33 million)

Operational cash ? ow: EUR 50 million (2020: 476 million)

Order book: EUR 4.4 billion (2020: 3.6 billion)

Net debt: EUR 62 million (2020: net cash 24 million)

Solvency ratio: 34.6% (2020: 41.3%)

Investment in equipment: EUR 208 million (2020 103 million)

All images courtesy Van Oord 40 Maritime Reporter & Engineering News • June 2022

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