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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Bulk Carrier Trends

DNV GL Examines Container and Bulk Shipping Trends

DNV GL’s latest Container Ship Forum and Bulk Carrier Forum looked at a broad spectrum of topics including environmental regulations, trends in ship design as well as the new DNV GL rule set.

Ferus Smit to Launch Newbuild Bulk Carrier

Ferus Smit will launch newbuild general bulk cargo vessel Arklow Brave on Friday, December 12, in Westerbroek.   Arklow Brave is the fifth vessel in a series

India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.2651 sec (4 req/sec)