Smit International

Smit International

Infobox_Company
company_name = Smit Internationale
company_
company_type = Public (Euronext|SMIT)
company_slogan (historic) =
foundation = 1842
location = Rotterdam, The Netherlands| key_people = Ben Vree, CEO
W.H. Kanis, CFO
industry = Maritime services
products = Towage
Salvage
revenue = profit € 75.0 million Eur (2006)
net_income = profit € 470.3 million Eur (2006)
homepage = [http://www.smit.com www.smit.com]
num_employees = 2,653 (2006 average)

Smit Internationale (or Smit International) is a Dutch company operating in the maritime sector. The company was founded by Fop Smit as a towagecompany with a single steampowered tug in 1842. After a merger with Internationale Sleepdienst the name was changed to the present name. The company is listed at the NYSE Euronext stock exchange in Amsterdam. Dutch marine engineer Boskalis made an indicative €1.11 billion takeover offer for Smit on 15 September 2008. [cite news|url=http://www.cnbc.com/id/26716978/for/cnbc/|title=Marine services company Boskalis to bid for Smit|date=15 September 2008|work=Associated Press|publisher=CNBC|accessdate=2008-09-15]

Corporate structure

The company consist of 4 divisions, in order of revenue:
*Transport & Heavy Lift (33.5% of total revenues)
*Salvage (23.9%)
*Harbour Towage (22.8%)
*Terminals (19.8%)

High profile operations

Its marine salvage division was involved in several high-profile salvage operations such as:

* The Herald of Free Enterprise (1987)
* The Russian submarine Kursk (2000)
* The Ehime Maru (2001)
* The Prestige (2001)
* The Tricolor (2002)
* The Mighty Servant 3 (2006)
* The M/S UND Adriyatik (2008)

Internationally, Smit International is known mostly for its expertise in salvage operations.

Often unrealized is the environmental importance of oil removal in many salvage operations. Smit International has dedicated much research into their modern equipment used to extract remaining oil of sunken vessels. They have also partnered with the French firm JLMD System to support preinstalled Fast Oil Recovery systems which assure quick reliable oil removal in the event of a shipping accident.

References

External links

* [http://www.smit.com Smit International Official Site]
* [http://www.jlmdsystem.com JLMD System Official Site]
* [http://www.flickr.com/photos/dutchmetal/sets/72157605370455847/ Smit HQ, Taklift and rowing team pictures]


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