Bourbon to Sell Port Towage Business

Thursday, July 19, 2007
As part of its Horizon 2010 strategy plan Bourbon has announced the intention of Grupo Boluda Corporacion Maritima to purchase the harbour towage activity of Les Abeilles. The acquisition plan is an opportunity for Les Abeilles to grow and expand its harbour towage operations. The size and international presence of harbour towage operators have become decisive factors for success in a market in which many cases of consolidation have been observed in recent months.

The acquisition plan would therefore be totally relevant in view of the companies' complementary geographical fields of operation, added to the reputation of the buyer, who has clearly demonstrated his intention to invest and become a major player in harbour towage. The sale of stock in the companies concerned would not have any impact on employees who would retain their status, seniority and benefits. It should be emphasized that the plan concerns harbour towage only, and does not include protection of the French coastline by vessels chartered by the French navy and carried out by Les Abeilles International which will still be part of Bourbon. The project is currently under instruction and consultation by the staff representative bodies of the companies concerned.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ms Veendam Rescues Pilot Off Maui Coast, Hawaii

On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from

Panama Flag Approval for Seagull

Seagull Maritime has become the first overseas company to secure training centre approval from the Panama Maritime Authority following the PMA’s 2014 change of leadership.

Baby Medevaced from Cruiseship in Gulf of Mexico

A Coast Guard helicopter crew medevaced an 8-month-old baby girl from the cruise ship Carnival Triumph early Monday morning, 140 miles southeast of Galveston.

Bulk Carrier Trends

Port of Indiana-Jeffersonville Sets Shipping Record

Grain, steel, salt help port exceed 2 million tons for first time in 29-year history   The Port of Indiana-Jeffersonville handled over 2.4 million tons of cargo in 2014,

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Maersk Chief Warns on Global Trade

Nils Andersen,  chief executive  of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3227 sec (3 req/sec)