ShippingWatch

Svitzer divests Portuguese business with 15 towboats

Svitzer has elected to sell its Portuguese business and its 15 towboats for an undisclosed sum. The buyer is a company partly owned by Svitzer Portugal's current managing director.

Photo: Svitzer

Svitzer has decided to divest its business in Portugal with a fleet of 15 vessels, informs the towage operator in a statement on Thursday.

The buyer is Pioneiro do Rio, Serviços Maritimos Ltd., which is co-owned by the current managing director of Svitzer Portugal, Rui Cruz.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs