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Authorities investigate tug companies

The world's biggest salvage and towage company, Dutch Smit, was one of six companies raided by Dutch and German competition authorities last week.

Six towage companies will likely be investigated by the Dutch and German competition authorities, including Smit, which is part of Boskalis Group and is the biggest player in the field. In any case, the six companies had their offices in Rotterdam and Hamburg raided by the authorities last week, according to Lloyd's List.

A spokesman for Boskalis Group confirms to the media that Dutch authorities, in cooperation with German authorities, raided the offices, though adding that he does not know the extent of the investigation. But Smit will fully cooperate, he says.

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