Eleven Companies Seek to Buy Tug Malta Share

Tuesday, October 17, 2006
According to Di-ve news, Malta’s Ministry for Investment, Industry and Information Technology (MITI) announced that the process for the sale of the Government 73.72% shareholding in Tug Malta Limited got underway as eleven companies in the towage and salvage operations signed a confidentiality agreement with the Privatization Unit and collected the Request for Proposals (RFP) document which outlines what is expected in the detailed bids that these companies should submit for the acquisition of the Government's share. Tug Malta services have recently been reformed and regulated by newly revised legislation.

The company was nationalized out of the private companies that used to run the business prior to 1980. Up to the late eighties, the Grand Harbor was the only shipping harbor in use and as such the company had all its tug fleet stationed there. However, in 1989, with the development of the Malta Freeport, the company had to invest in additional tugs in order to be able to offer an efficient service to tug users in the southern port. Since 2003, Tug Malta underwent a restructuring process. In 2005, the tariffs were revised though they remained amongst the most competitive in the region. In 2006, Tug Malta took delivery of two new tug boats.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

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

People & Company News

Gulf and Hendry Marine Consolidate Operations

Gulf Marine Repair Corporation, a southeastern tug-barge shipyard, announced it is consolidating operations with Hendry Corporation, its affiliated company and fellow shipyard,

Damen’s Norway Foray

The Damen Shipyard Group’s man in Norway likes picking up the phone these days. With offshore markets in the doldrums, a unique phenomenon is occurring: “Norwegians are talking to me,

It's All in the Planning

Continuing voracious demand for mined materials in China, India and other developing nations has led to an associated requirement for increased bulk terminal capacity


The Digital Oilfield Microwave Communication Offshore Brazil

With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable.

Big IT: How Fast, How Far Will IT Drive Maritime?

The IT industry doesn’t like to stand still. Upgrades, updates, new versions and enhanced functionality are released on a regular basis. New services are enabled,

Alfa Laval Debuts Inline Scrubber Design

Alfa Laval’s PureSOx exhaust gas cleaning system platform now includes an inline scrubber design: I-design.   “Through open-loop, closed-loop and hybrid arrangements,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Winch
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: 0.0853 sec (12 req/sec)