SMIT Salvage, a wholly owned subsidiary of Royal Boskalis Westminster N.V., announced Monday it had acquired two ship salvage contracts in India. The combined value of the contracts is approximately € 50 million. The first assignment involves the refloating of a container vessel off the western coast of India.

The vessel was involved in a collision with another vessel and all deck containers have been removed since the collision. The second assignment also involves the refloating of a container vessel. This vessel is located on the Hooghly River in eastern India. This vessel was also damaged following a collision with another vessel.

Both assignments are currently underway and are expected to be completed before the end of the first quarter 2011. SMIT Salvage has deployed experienced salvage teams and equipment which has been deployed from Rotterdam and Papendrecht in The Netherlands as well as from Singapore. Amongst others, designated equipment includes survey equipment, a floating crane, an accommodation vessel, transportation barges, tug boats and other support vessels.

Through its strategic salvage locations, SMIT Salvage has a global coverage for maritime emergency response, vessel refloating operations and wreck removal. Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors.

The firm provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. It offers a wide variety of marine services through SMIT and we have positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco).

The company holds important home market positions in and outside of Europe. Boskalis has a versatile fleet of over 1,000 units and operates in over 65 countries across six continents. Including its share inpartnerships, Boskalis has approximately 14,000 employees. Boskalis celebrates its 100 th anniversary in 2010.

Both assignments are currently underway and are expected to be completed before the end of the first quarter 2011.

SMIT Salvage has deployed experienced salvage teams and equipment which has been deployed from Rotterdam and Papendrecht in The Netherlands as well as from Singapore. Amongst others, designated equipment includes survey equipment, a floating crane, an accommodation vessel, transportation barges, tug boats and other support vessels.

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