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DP World Buys Spanish Towage Firm

DP World subsidiary P&O Maritime has bought international Spanish towage company Reyser, with operations in Canada, Yemen and Trinidad and Tobago.

DP World’s purchase will consolidate its Spanish market position in while allowing it to diversify and geographically expand its business, it said.

Reyser is part of 140-year-old Spanish industrial equipment, automotive, energy and logistics services company, Bergé y Cía.

It has provided tug and moorage service in 10 Spanish ports and internationally since 2007, supplying moorage services in Canada and later at in Bal-Haf in Yemen.

The company owns 151 vessels, of which 20 are tug boats, 53 are mooring boats, 5 are bunkering vessels and 73 are ships used for environmental services.

With a client base that extends abroad, it services two international LNG terminals at Saint John in Canada and Point Fortin in Trinidad and Tobago.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “We are delighted to make this acquisition which underlines the further development of the group’s maritime services business.

“As a global trade enabler we have been developing it globally spearheaded by the world renowned P&O Maritime brand to complement our core business of ports and terminals.

“This is all part of our broader strategy to grow complementary sectors in the global supply chain such as industrial parks, freezones and logistics supported by new technologies adding value for all our stakeholders.”

Rado Antolovic, Managing Director of P&O Maritime, said: “We are confident about the medium-to long term growth potential of this business and our ability to drive sustainable value for all stakeholders.”

The acquisition is still subject to regulatory approvals.

Source: Porttechnology.org

Rimorchiatori Riuniti takes over Augustea’s towage arm

Rimorchiatori Riuniti will take over Augustea Holding’s subsidiary Augustea Imprese Marittime e di Salvataggi in a deal worth some €75m ($85m). Following this agreement due to be finalised in the coming days, the Genoa-based shipping group led by the Delle Piane and Gavarone families will take control of a fleet of 16 tugs deployed in the Sicilian ports of Augusta, Catania and Pozzallo, plus four ocean going tugs. Augustea Imprese Marittime e di Salvataggi is also active in Venezuela with two tugs offering services to one of the country’s main coal terminals. With this deal the group chaired by Lucio Zagari and led by his son Raffaele Zagari as ceo will be able to focus on dry bulk and offshore maritime transport activities.

On the other hand Rimorchiatori Riuniti with this take over will consolidate its market position in the Italian harbour towage business operating now, alone or through joint ventures with other entities, in the ports of Genoa, Salerno, Ravenna, Ancona, Pescara, Termoli, Ortona, Vasto and Trieste with a fleet made up of 100 tugs. Rimorchiatori Riuniti and Augustea will remain both involved in offshore and deepsea towing services respectively with Finarge and Augustea Ship Management.

Raffaele Zagari commented on the deal saying: “The offer received from Rimorchiatori Riuniti group will make it possible for us to concentrate future development strategy to strengthen our market position in dry bulk and ocean going tugs where several opportunities are emerging due to the present crisis time”.

See the stomach-churning tugboat effort to take a Russian aircraft carrier under tow

Video footage has emerged of the incredible effort required by the Russian tugboat Nikolay Chiker in 2012 to rescue the aircraft carrier Admiral Kuznetsov when its trouble-prone engines broke down during heavy weather in the Bay off Biscay, off the coast of Spain and France.

Russia’s largest warship was returning from a diplomatic visit to strife-torn Syria: A sign of Russia’s support for President Assad which would be borne out by the deployment of combat jets there in September this year.


The ocean-going tugboat is seen bobbing like a cork as it manoeuvres in heavy waves alongside the powerless 43,000 tonne warship. One miscalculation — one surprise lurch — could result in catastrophe.

The entire effort was to fire a line — you can see the smoke trail — between the two ships.

This would, in turn, be used to haul a much heavier cable into place.

The tugboat would then gradually take up the tension, and drag the mammoth aircraft carrier all the way back to Russia for repairs.

Admiral Kuznetsov was spotted again last year passing through the English Channel after another visit to the Mediterranean.

source: News Ltd