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Hern News

22 Feb 2024

SAAM Towage’s First Electric Tugs Arrive in Canada

(Photo: SAAM Towage)

The first electric tugs of the SAAM Towage's fleet, built by SANMAR Shipyards, have reached the Port of Vancouver in Canada. The vessels are named Saam Volta and Chief Dan George."We continue to make progress on this milestone for SAAM Towage, which is part of our strategy to drive innovation and development for increasingly sustainable operations. These tugs, which are the result our alliance with Teck and Neptune Terminals, show our commitment to seek alternatives in our industry to reduce the carbon footprint and support the fight against global climate change…

13 Oct 2022

SAAM Towage Orders Electric Tug Pair for Its Canadian Operations

(Image: SAAM Towage)

SAAM Towage announced it has closed an agreement with Teck & Neptune Terminals that will allow the deployment of the first two electric tugs to its fleet.The ElectRA 2300SX tugs are designed by Vancouver-based Robert Allan Ltd. and will be built at Sanmar Shipyards in Turkey.Scheduled for delivery during the second half of 2023, the new tugs will each be powered by two separate battery lithium-ion energy storage systems, making them 100% electric and zero-emissions ships. They will be charged by British Columbia’s hydroelectric power grid.

03 Oct 2022

SAAM Closes Ian Taylor Acquisition in Peru

Photo courtesy SAAM-Ian Taylor

SAAM concluded the purchase of Ian Taylor’s towage operations in Peru."This transaction will allow us to continue consolidating our presence in Peru, with the service offering we are known for and extensive geographic coverage. We are committed to continuing to operate with excellence and safety once we add this first-rate fleet," said SAAM Towage Managing Director Hernán Gómez.SAAM Towage has been operating since 2021 in Peru. With this investment, it strengthens its presence…

17 Aug 2022

Seven Charged with Labor Racketeering in the Port of San Juan

© soultkd / Adobe Stock

On August 11, 2022, a federal grand jury in the District of Puerto Rico returned an indictment charging seven defendants with running a criminal enterprise dedicated to extorting and misleading shipping companies into paying fees for the loading and unloading of cargo at the Port of San Juan—Piers 9, 10, and 11—under the threat of strikes and blockades on the part of union members of the ILA-1740 of the International Longshoremen’s Association, AFL-CIO (ILA) and under false representations…

28 Apr 2022

SAAM Buys Ian Taylor Towage Business in Peru

(Photo: SAAM Towage)

SAAM Towage reported that it has signed an agreement with Ian Taylor to acquire the company's towage operations in Peru, which currently provides services with four tugs at the ports of Callao and Paita.“This agreement, just like the acquisition in Canada of Standard Towing and Davies Tugboats formalized a few weeks ago, is part of our strategy to lead the consolidation process taking place in the towage industry. It will enable us to continue to strengthen our presence along the Pacific Coast…

12 Apr 2021

SAAM Towage Commences Operations in Peru

(Photo: SAAM Towage)

SAAM Towage has launched operations in Peru as the Valparaíso, Chile-based tugboat operator continues its growth plans in the Americas. “We are taking the first steps at the Port of Callao, which lets us provide better coverage on the southern Pacific coast,” said SAAM Towage managing director, Hernán Gómez. “We are interested in this market and foresee leveraging our broad network in the region. Our strategy is to preserve our leadership position and play an important role in the industry's consolidation process.”Having already opened offices and hired personnel in Callao…

01 Aug 2019

MOL Group On Track to Meet 2019 Guidance

Hungarian international oil and gas company MOL Group delivered an EBITDA of USD 1.15bn in H1 2019, exactly half of the full-year 2019 guidance.Upstream EBITDA was 10% lower in H1 2019 at USD 553mn, as higher volumes were more than offset by lower oil and gas prices. The segment remained the largest free cash flow generator of the Group. Average daily hydrocarbon production was 111.8 barrels of oil equivalent per day (boepd) higher by 2% year-on-year.Downstream Clean net income EBITDA amounted to USD 403mln in H1 2019, 18% lower year-on-year. Materially weaker refining macro put pressure on EBITDA.Consumer Services EBITDA growth remained double-digit in local currencies…