ShippingWatch

Boskalis acquires tugboat companies from Louis Dreyfus

Tugboat companies Fairmount Marine and Fairmount Ocean Towage Company have been acquired by salvage giant Boskalis. The purchase will increase Boskalis' market share in offshore and towing.

Ducth salvage and service company Royal Boskalis Westminster has acquired Fairmount Marine and Fairmount Ocean Towage Company from French Louis Dreyfus Armateurs, says Boskalis in a press release.

Fairmount is a leading supplier in long-distance towing and operates five 205 ton bollard pull tug vessels. According to Boskalis, the purchase increases the company's market position in both offshore and salvage.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs