“Boskalis is taking maximum precautions to ensure the health, safety and well-being of its employees and is simultaneously taking all necessary steps to continue its business,” Boskalis said in statement.
In the affected countries and regions, Boskalis employees are working remotely from home where possible. For staff working on international projects and vessels this is not an option. Therefore, as a consequence of global travel restrictions and to ensure the business continuity and health of its colleagues, the customary crew and project staff rotations have been suspended as of 16 March, the company said.
“To date, precautionary measures taken by most countries have not resulted in a shut-down of infrastructure projects and the import of goods vital for our projects is permitted.”
“As a consequence, Boskalis has at large been successful in keeping its business activities operational around the world. This is only made possible through the impressive flexibility and commitment of our employees.”
As a proactive measure, Boskalis has increased its strong focus on cash generation and preservation. Several initiatives have been taken aimed at minimising the non-project related out of pocket expenses, optimising the working capital and halving the 2020 capital investment programme to approximately $217.1m, including drydockings.
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