Towage majors merge European activities
Dutch Boskalis merges its North European towage activities in subsidiary Smit with Kotug International after a year characterized by several new partnerships in the sector.
BY OLE ANDERSEN
Dutch towage and salvage giant Royal Boskalis Westminster is merging its European towage activities with Kotug International. The two parties signed a Memorandum of Understanding at the end of 2014 for a joint venture, which is now formalized in the merger, write Boskalis and Kotug in a statement.
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