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

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Bulk Carrier Trends

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Cargill to Buy 100,000mt of Certified Ivorian Cocoa

U.S. agribusiness trader Cargill aims to purchase 100,000 metric tons of certified Ivorian cocoa this season, up slightly from 95,000 metric tons last season, West

Ice Hurts March’s Lakes Ore Shipments

Massive, thick ice formations on the Great Lakes limited iron ore shipments in March to 1.1 million tons, a decrease of 43 percent compared to a year ago, the Lake

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1224 sec (8 req/sec)