Boskalis Nordic Today No. 02/2019-2020

MANAGING DIRECTOR’S COLUMN

03

POSITIVE MOOD ON THE HORIZON

T ime really flies by. Over the last three years, I have certainly experienced this in Terramare as the company’s new manag- ing director. We have had very many interesting projects in both Finland and Sweden. We have renewed our organisation as experienced, long-serving personnel have retired, and we have gradually introduced new enterprise resource planning tools to im- prove efficiency. With so much to do and new issues to embrace, time has gone like the wind. In November, we finalised for the next three-year period of Ter- ramare’s Nordic countries and Baltic strategy, which is important for the whole Boskalis Group. Identifying the future market is al- ways the cornerstone of strategy work. In addition, we will focus our efforts on developing the skills and operating practices of our personnel in order to make us more efficient and competitive. An important part of the strategy work was an extensive equipment survey conducted in the spring, on the basis of which we will target new investments in accordance with the projects in the pipeline. Finland and Sweden will continue to be Terramare’s main mar- ket areas, where we will seek suitable transport infrastructure and quay work. The marine construction market in the near future will be dependent on a couple of important factors: the development of the US-China trade dispute and the economic situation in Finland’s main market areas – Germany and the UK. Both of these factors will have an impact on cargo traffic at ports and thereby on marine construction investments. Terramare personnel have always maintained good dialogue with ports and transport infrastructure agencies as we work together to consider the future market situation and needs. Many thanks are due to all our customers and partners for making available to us their time, open doors and hot coffee. Let’s continue these close contacts in the future. To our satisfaction, market discussions have revealed that a rea- sonable number of marine construction investments are planned and that some are already at the implementation stage, with only the final investment decision to be made. For most of the projects, the final impetus will ultimately come from the needs of the paper, pulp and mining industries. In addition, there is a positive mood in the air regarding the development of cruise traffic in the Baltic Sea countries. Terramare is closely involved with, among others, Boskalis Off- shore and Team Arctic Finland in developing offshore wind turbine projects in the Baltic Sea region. Wind power will inevitably be an

important part of renewable energy production in the future. The Baltic Sea region has solid establishment conditions, very shallow water depth and low salinity, which are favourable factors for the construction of offshore wind farms. Future offshore wind turbines will be 3-4 times more powerful than those we have seen to date, mainly built on land. The new, larger wind turbines will require, for example, increased perform- ance from lifting equipment in the construction phase and during maintenance. At Boskalis, we can meet this challenge and share our experience of the projects we have implemented. Thanks to all customers, partners and Terramare personnel for the past year. Let’s also keep the flag of marine construction flying high in the coming year.

I wish our readers a Happy New Year 2020

Hannu Tomperi

The Boskalis WAY OF WORKING quality management system aims to achieve operational excellence with a clear focus on safe and sustainable solutions and a consistent client approach. More than just systems and procedures, the Boskalis Way of Working provides a consistent approach towards the initiation, planning, execu- tion and completion of our projects. At the same time it promotes diversity in our teams with experts, facilitates innovation whilst caring for people and the environment with a commitment to act with respect and integrity. This is how we create new horizons for all our stakeholders.

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