Boskalis has announced its business results for the first half of 2026, saying that the revenue and earnings decline was most significant outside of Europe - in the Dredging & Inland Infra division. The weaker performance was affected by lower activity levels on international projects, particularly in Asia and the Middle East, and reflected in a lower fleet utilization.
According to Boskalis, the ongoing geopolitical tensions in the Middle East adversely impacted activity levels during the period. Hopper occupancy declined compared to the exceptionally high levels achieved in previous years, the utilization of the cutter suction dredgers was extremely low, and the occupancy of the subsea rock installation vessels was also lower compared to a very busy first half of 2025.
In the Netherlands, Boskalis continued work on major infrastructure projects including Markermeerdijken, Meanderende Maas and the A2 motorway widening project between Het Vonderen and Kerensheide.
Elsewhere in Europe, dredging, offshore wind and marine infrastructure works were executed in, among others, Germany, Belgium, Denmark and the United Kingdom. Outside of Europe, Boskalis was active on projects in Southeast Asia, Taiwan, the United Arab Emirates and Western Africa.
The order book of Dredging & Inland Infra increased compared to the end of 2025.
Noteworthy contract awards included the Luleå port deepening project in Sweden and the extension of maintenance dredging activities in Harwich and Felixstowe in the United Kingdom, Boskalis concluded.