Multraship buys Bulgarian Towage Company

Tuesday, July 26, 2005
Multraship Towage & Salvage has purchased Bulgarian towage and salvage operator Bourgas Tug Services. BTS provides harbor towage, local salvage and line handling services in and around the Bulgarian port of Bourgas. It has a fleet of four tugboats ranging from 1,500 - 4,300 bhp and fifty employees.

Leendert Muller, managing director of Multraship said, "This is an important step for Multraship in developing our presence in the Black Sea. We have been active in the region since opening offices in Bulgaria and Romania 2000 and we believe the combination of our expertise and local assets can bring substantial benefits to shipowners using the Black Sea ports. Multraship's permanent presence in the region will considerably enhance the professional towage and salvage capacity in an area with growing shipping and other marine operations and will therefore contribute significantly towards the safety of navigation in the Black Sea region."

Multraship is a leading independent Dutch towage and salvage company. It operates and manages a fleet of 26 tugs, salvage vessels, floating sheerlegs and other craft.

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