Smit International: Difference between revisions

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| net_income = €102.4 million <small>(2009)</small><ref name="AR2009" />
| num_employees = 3,620 <small>(2009)</small><ref name="AR2009" />
| owner = [[Royal Boskalis Westminster]]
| homepage = [http://www.smit.com www.smit.com]
}}
 
[[File:House flag of L. Smit &Internationale CoN.V. (first design1842-1971).svg|thumb|The first [[house flag]]]]
[[File:House flag of L. Smit &Internationale CoN.V. (second design1960s-1971).svg|thumb|The second [[house flag]], used in the 1960s.]]
[[Image:2005-10-29, Stralsund, Hafen, Schwimmkran Taklift 7 am Hansakai.jpg|thumb|''Taklift 7'' has a lifting capacity of 1,600 tons<ref>{{cite web |url=http://www.boskalis.com/uploads/media/taklift-7_01.pdf |title=Equipment Sheet: Taklift 7 |publisher=Boskalis |access-date=24 February 2015 |url-status=dead |archive-url=https://web.archive.org/web/20141024194403/http://www.boskalis.com/uploads/media/taklift-7_01.pdf |archive-date=24 October 2014 }}</ref>]]
[[Image:Smit Rotterdam.jpg|thumb|Ocean-going tug ''Smit Rotterdam'' arriving with tow at Rotterdam]]
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[[Image:SMIT PANTHER (34350424531).jpg|thumb|''Smit Panther'' has a 95 t [[Bollard pull]]]]
[[Image:Liverpool docks 2018.jpg|thumb|Smit tugs in the [[Port of Liverpool]]]]
'''Smit Internationale N.V.''' (or '''Smit International''') is a Dutch [[company (law)|company]] operating in the [[Sea|maritime]] sector. Formerly listed on the [[Euronext Amsterdam]], the company was acquired by [[Royal Boskalis Westminster]] in 2010.
 
The company was foundedFounded in 1842 by [[Fop Smit]], initiallyit beingprovided focusedtowing onservices towage atin the [[Port of Rotterdam]]. Within its first decades, it branched into [[shipbuilding]] and, just after the start of the twentieth century, salvage services. The firm developed an international presence, such as its [[Singapore]]-based subsidiary in 1975, and its acquisition of [[Costain Group]]'s Land & Marine business in 1996. By 2009, inclusive of its subsidiaries and the [[joint venture]]s with controlling stakes, Smit International operated a fleet of 408 ships.<ref name="fleet"/> Smit International has undertaken the salvage of various vessels, including the {{ship||Costa Concordia}}, {{ship||Full City}}, {{ship||FSO Safer}}, {{ship||MOL Comfort}} and the ''[[Kursk submarine disaster|Kursk]]''.
 
By 2009, inclusive of its subsidiaries and the [[joint venture]]s with controlling stakes, Smit International operated a fleet of 408 ships. Smit International has undertaken the salvage of various vessels, including the {{ship||Costa Concordia}}, {{ship||Full City}}, {{ship||FSO Safer}}, {{ship||MOL Comfort}} and the ''[[Kursk submarine disaster|Kursk]]''.
During early 2010, the Dutch marine engineering company [[Royal Boskalis Westminster|Boskalis]] acquired Smit International in exchange for €1.35 billion; the company name has been retained under the terms of the deal.
 
In 2010, it was acquired by [[Boskalis]] and delisted from the [[Euronext Amsterdam]].
 
==History==
The company dates back to the early 1840s and the undertakings of Fop Smit, who operated the [[paddle steamer]] ''Kinderdijk'' to safely guided various other vessels into the [[Port of Rotterdam]].<ref name = "marinelink 2014"/> Founded in 1842 under the name ''L. Smit & Co.'', it initially focused on towing.<ref name=Giovanni/> Fop's sons, Jan and Leendert, took on management of the company and soon opted to expand its fleet. During 1870, L. Smit & Co. started using tugs with [[propeller]]s.<ref name=Giovanni/> The business slowly branched into new activities; one such early venture was [[shipbuilding]].<ref name = "25years evolving">{{cite web |url = https://magazines.marinelink.com/Magazines/MaritimeReporter/200010/content/international-keeps-evolving-207482 |title = After 25 Years, Smit International Keeps Evolving |website = magazines.marinelink.com |date = October 2000}}</ref>
 
During the mid 1900s, it started providing salvage services for the first time.<ref name = "marinelink 2014"/> Throughout the twentieth century, Smit International developed into internationally-operating outfit offering a wide range of maritime services.<ref name = "marinelink 2014">{{cite web |url = https://www.marinelink.com/news/international-smit-mn376305 |title = MN 100: Smit International N.V. |first = Nicole |last = Ventimiglia |website = marinelink.com |date = 3 September 2014 }}</ref> Following the business' merger with ''Internationale Sleepdienst'' in 1923, the firm's name was changed to "L. Smit & Co.'s Internationale Sleepdienst".<ref name=Giovanni>{{cite web |url=http://www.smit.com/sitefactor/page.asp?pageid=560 |title=Smit's World-History |access-date=4 October 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120208180641/http://www.smit.com/sitefactor/page.asp?pageID=560 |archive-date=8 February 2012 }}</ref>
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During 1975, Smit International decided to expand into the [[Far East]] via the establishment of a regional office in [[Singapore]].<ref name = "25years evolving"/> In the following years, it secured work in the provision of salvage and other marine services in the [[Port of Singapore]] and the surrounding region. By 2000, the firm's Singapore operation employed in excess of 700 and was roughly valued at $200 million, providing salvage, ocean, port and coastal towage, pipeline installation, horizontal directional drilling and offshore support.<ref name = "25years evolving"/>
 
During August 1996, the British construction firm [[Costain Group]]'s sold[[Merseyside]] its Merseyside-based Land & Marine business towas Smit International in exchangepurchased for £11.3 million.<ref>{{cite web |url = https://www.constructionnews.co.uk/sections/news/costain-sells-land-marine-for-11-3m-22-08-1996/ |title = Costain sells Land & Marine for 11.3m |website =[[Construction constructionnews.co.uk News]]|date = 22 August 1996}}</ref> On 29 March 2007, the firm purchased [[Adelaide Steamship Company|Adsteam’s]] [[Liverpool]]-based towage operation.<ref>[https://www.theage.com.au/business/liverpool-tugs-deal-puts-adsteam-sale-on-course-20070226-ge4axw.html Liverpool tug deal puts Adsteam sale on course] ''[[The Age]]'' 26 February 2007</ref><ref>{{cite web |url = https://www.maritimejournal.com/smit-invest-heavily-in-liverpool/483260.article |title = Smit Invest Heavily in Liverpool |website = maritimejournal.com |date = 1 August 2007}}</ref>
 
Smit International has been involved in the removal of hazardous substances, such as bunker fuel, from wrecks.<ref name = "marinelink 2014"/> The company was involved in the containment and removal of fuel oil from the wrecked [[cruiseliner]] {{ship||Costa Concordia}},<ref>{{cite web |url = https://www.offshore-energy.biz/italy-smit-salvage-removes-oil-from-forward-tanks-on-costa-concordia/ |title = Italy: SMIT Salvage Removes Oil from Forward Tanks on Costa Concordia |website = offshore-energy.biz |date = 24 February 2024}}</ref><ref>{{cite web |url = https://www.dutchwatersector.com/news/salvage-team-smitboskalis-removes-last-oil-from-costa-concordia |title = Salvage team Smit/Boskalis removes last oil from Costa Concordia |website = dutchwatersector.com |date = 23 March 2012}}</ref> the bulk hauler {{ship||Full City}},<ref>{{cite news |first=Wojciech |last=Moskwa |title=Norway police charge ship captain after fuel spill |url=https://www.reuters.com/article/latestCrisis/idUSL391060 |work=Reuters |date=3 August 2009 |access-date=16 May 2010}}</ref><ref>{{cite web |url = https://www.maritimejournal.com/smit-international-help-grounded-bulk-carrier/487156.article |title = Smit International help grounded bulk carrier |website = maritimejournal.com |date = 6 August 2009}}</ref> and the oil storage vessel {{ship||FSO Safer}} in actions that prevented a potential environmental disaster.<ref>{{cite web |access-date=8 May 2022 |title=UN leads £65m plan to stop huge oil spill off Yemen during first ceasefire in six years |url=https://www.theguardian.com/world/2022/may/08/un-leads-65m-plan-to-stop-huge-oil-spill-off-yemen-during-first-ceasefire-in-six-years |date=8 May 2022 |website=The Guardian |first=Patrick |last=Wintour}}</ref><ref>{{cite web |url = https://www.maritimejournal.com/equipment/imo-pleads-for-help-to-prevent-oil-catastrophe/1483151.article |title = IMO pleads for help to prevent oil catastrophe |website = maritimejournal.com |date = 26 April 2023}}</ref>
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The firm has undertaken several notable recovery operations. In the aftermath of the [[Kursk submarine disaster|''Kursk'' submarine disaster]], Smit International teamed up with the Dutch business [[Mammoet]] to recover the lost [[nuclear submarine]].<ref>{{cite web |url = https://www.graphicnews.com/en/pages/12596/russia-salvaging-the-kursk |title = Salvaging the Kursk |website = graphicnews.com |date = 10 July 2001}}</ref><ref>{{cite web |url = https://www.tampabay.com/archive/2001/10/09/dutch-companies-raise-russian-submarine-kursk/ |title = Dutch companies raise Russian submarine "Kursk' |website = tampabay.com |date = 9 October 2001}}</ref> It also performed the salvage of the sunk [[cargo ship]] {{ship||MOL Comfort}}.<ref>{{cite web |url = https://www.insuranceinsider.com/article/2876hrz7g1tzru2wrchs0/400mn-cargo-loss-in-prospect-as-mol-comfort-finally-sinks?zephr_sso_ott=iIH1UZ |title = $400mn+ cargo loss in prospect as MOL Comfort finally sinks |website = insuranceinsider.com |date = 11 July 2013}}</ref>
 
On 15 September 2008, the Dutch marine engineering firm [[Royal Boskalis Westminster|Boskalis]] made an indicativea €1.11 billion [[Mergers and acquisitions|takeover offer]] to acquirefor Smit.<ref>{{cite news |last1=Kreijger |first1=Gilbert |last2=ten Wolde |first2=Harro |url=http://uk.reuters.com/article/idUKLF66335620080915 |archive-url=https://archive.today/20120715164413/http://uk.reuters.com/article/idUKLF66335620080915 |url-status=dead |archive-date=July 15, 2012 |title=Boskalis plans 1.1 bln euro bid for Smit |date=15 September 2008 |work=[[Reuters]] |access-date=1 October 2010}}</ref> Despite the offer being promptly rejected by Smit's board, Boskalis subsequently built a stake of over 25% in theSmit firmand expressed a continuing desire to buy a number of its business units.<ref>{{cite web |url = https://www.maritimejournal.com/boskalis-abandons-takeover-bid-and-smit-profits-are-up/481803.article |title = Boskalis abandons takeover bid and Smit profits are up |website = maritimejournal.com |date = 15 January 2009}}</ref><ref>{{cite news |url=http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKL226998020090202?sp=true |archive-url=https://archive.today/20120717224004/http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKL226998020090202?sp=true |url-status=dead |archive-date=17 July 2012 |title=Boskalis ups stake in Smit, could buy more shares |last=Gray-Block |first=Aaron |date=2 February 2009 |work=[[Reuters]] |access-date=30 May 2009}}</ref> and expressed a continuing desire to buy a number of its business units.<ref>{{cite news |url=https://online.wsj.com/article/BT-CO-20090514-712958.html |title=Boskalis CEO: Ambition To Buy Several Smit Units |last=van Tartwijk |first=Maarten |date=14 May 2009 |work=[[Dow Jones Newswires]] |publisher=[[The Wall Street Journal]] |access-date=30 May 2009}} {{Dead link|date=September 2010|bot=H3llBot}}</ref> A revised offer from Boskalis of €1.35 billion, coupled with a pledge to retain the Smit name and its distinct operations, was accepted by the firm's board in January 2010, with Boskalis declaring its offer unconditional that March having reachedincreased shareits ownershipshareholding ofto 90%.<ref>{{cite news |url=https://www.reuters.com/article/idUSTRE62Q0VU20100327 |title=Boskalis clears Smit takeover milestone |last=Roumeliotis |first=Greg |date=27 March 2010 |work=[[Reuters]] |access-date=29 March 2010}}</ref> Smit's shares were [[Delisting (stock)|delisted]] from Euronext Amsterdam on 4 May 2010.<ref>{{cite press release |url=http://www.boskalis.com/nieuws.php?pageID=62&itemID=3071 |title=Application made for delisting Smit |date=7 April 2010 |publisher=Boskalis |access-date=7 May 2010}}{{Dead link|date=March 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
 
DuringIn February 2018, Britain's [[Defence Equipment and Support]] agency signed a deal with Smit International Scotland for the delivery of vessels for safety and training purposes to the [[Ministry of Defence]].<ref>{{cite web |url = https://www.naval-technology.com/news/smit-international-deliver-safety-training-vessels-uk-mod/ |title = Smit International to deliver safety and training vessels to UK MoD |website = naval-technology.com |date = 9 February 2018}}</ref> One year later, the company, along with Donjon Marine Co., was awarded a contract to provide salvage services for the [[United States Navy]] across the majority of the western hemisphere.<ref>{{cite web |url = https://www.maritimejournal.com/us-navy-contract-for-smit-and-donjon/1096457.article |title = US Navy contract for Smit and Donjon |website = maritimejournal.com |date = 4 January 2019 }}</ref>
 
==Corporate structure==
{{unref section|date=September 2024}}
The company consist of four divisions, in order of revenue:
* Transport & Heavy Lift (33.5% of total revenues)
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==Fleet list==
As of 1 March 2009, Smit, (withtheough its daughtersubsidiary companies and the joint ventures that it controls), has had a fleet of 408 ships.<ref name="fleet">Official [http://www.smit.com/sitefactor/public/Our_work/Fleetlist/Fleetlist_as_at_1_March_2009.pdf Fleetlist per 1 March, 2009] {{webarchive|url=https://web.archive.org/web/20111111222757/http://www.smit.com/sitefactor/public/Our_work/Fleetlist/Fleetlist_as_at_1_March_2009.pdf |date=11 November 2011 }} as published on companies website, retrieved 12 February 2012</ref>
 
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