Towage Services News

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.

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…

Sanmar reports it has delivered another tugboat to Boluda Towage, marking the third delivery from the Turkish shipbuilder and operator to Spain-headquartered maritime service provider in three months’ time.The delivery of Boğaçay LXVII, to be renamed VB Tragen by its new owner, follows the sale and delivery of two former Sanmar fleet tugs - VB Horus and VB Amon – to Boluda Towage in November last year.VB Tragen has been delivered to support Boluda Towage’s services for liquefied natural gas (LNG) operations in Germany.

Gulf LNG Tugs of Texas has been selected to provide towage services for the Texas LNG export terminal to be constructed in the Port of Brownsville.Gulf LNG Tugs, a consortium of Suderman & Young Towing Company, Bay-Houston Towing, and Moran Towing Corporation, will build, deliver and operate tugboats under a long term agreement to assist LNG carriers arriving at the facility.Texas LNG will be a 4 million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal owned and managed by Glenfarne Energy Transition.

Boluda Towage – one of the divisions of Boluda Corporación Marítima that focuses its activity on port, coastal, and offshore towage, as well as maritime salvage – has acquired the towage company Resolve Salvage and Fire (Gibraltar) Ltd.Resolve Salvage and Fire, owned by Resolve Marine Group, provides towing and marine salvage services as well as in engineering and maintenance projects for marine installations and construction. Two divisions are part of the sale: the company's harbor towing operations and fleet were sold to Boluda Towage Europe…

In January 2024, Boluda Towage commenced towage operations in the Egyptian Abu Qir’s container terminal with three tugs.Vicente Boluda Fos, President of Boluda Corporación Marítima, said, “Abu Qir is a port in full motion, and the port developments perfectly fit with the ambitions of the Boluda Towage Division. The presence in Egypt and the Middle East is a further step towards strengthening and expanding our global activities. We are proud to be part of the developments and that…

Towage and marine solution services firm Svitzer on Thursday launched the second phase of its project to design the world’s first methanol hybrid fuel cell (MHFC) tug.Svitzer, part of A.P. Moller-Maersk, has conducted technical studies to establish the feasibility of this type of vessel accommodating the real-world operational requirements of a tug. Work will now begin between Svitzer and naval architect company Robert Allan Ltd. to design the world’s first MHFC tug. The next phase will include work to complete the vessel design…

A.P. Moller-Maersk's towage arm Svitzer announced it has signed a 15-year agreement to service Gastrade’s Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) LNG terminal—the first offshore LNG project in Greece—set to become operational in the beginning of 2024. The project marks Svitzer’s entry into the Greek market.Svitzer will set up towage services and support for LNG operations at the new import terminal, including support for a floating storage regasification…

In 2021, Trans Mountain, on behalf of shippers for the Trans Mountain Expansion Project (TMEP), awarded KOTUG Canada Inc. a long-term contract to provide escort towage services for tankers that load crude oil at Trans Mountain’s Westridge Marine Terminal.Trans Mountain operates Canada’s only oil pipeline servicing the West Coast of Canada providing tidewater access to foreign markets for Canada’s petroleum resources.Under the agreement, KOTUG Canada, which is a partnership between KOTUG International B.V.

Marine towage provider Boluda Towage announced it has strengthened its partnership with Togo, highlighting its capacity for expansion, growth, and internationalization in the West African nation.The main purpose of this meeting was to evaluate the effectiveness of the public-private partnership between Boluda and Togo, in the framework of the tugboat activities in the Autonomous Port of Lomé. During the meeting, the management of Boluda Towage also announced the arrival of a new tugboat.By allowing access for larger vessels…

Dutch marine services firm Boskalis and its co-shareholder KS Investments Pte. Ltd. (Keppel) have completed the sale of their equity stakes in their harbor towage activities in Singapore and Malaysia - Keppel Smit Towage Pte Ltd and Maju Maritime Pte Ltd - to Rimorchiatori Mediterranei.Boskalis received EUR 92 million in cash for its 49% equity stake in the joint ventures resulting in a pre tax book gain of approximately EUR 50 million. Keppel Smit Towage (KST) was established in 1991 as a joint venture between Keppel and SMIT, a subsidiary of Boskalis. Over the past thirty years, Boskalis said, KST/Maju has developed into one of the largest and leading providers of harbor towage services in Southeast Asia.

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…

SAAM Towage Canada announced it has acquired Standard Towing Ltd. and Davies Tugboat Ltd. Both companies provide harbor, shipdocking and towage services on the West Coast of Canada.“Through this acquisition we are adding three Canadian built tugboats to the fleet which are in excellent condition. In addition, SAAM Towage will expand our service area to Northern Vancouver Island. This strengthens our overall position in British Columbia,” said the President of SAAM Towage Canada…

Maersk's towage arm Svitzer announced another extension of its current contract with the Suez Canal Authority (SCA) to include two additional tugs to service the vital trade artery.Turkish tugboat builder Med Marine will deliver the two new vessels, both RAstar 2800 75tonnes bollard pull tugs with firefighting capabilities and escort notation, designed by Robert Allan Ltd.Svitzer started operating in the Suez Canal in late 2019 with the two tugs Svitzer Port Said 1 and Svitzer Port Said 2, providing towage services to the SCA out of Port Said.

Towage operator Svitzer announced an agreement with Robert Allan Ltd. and Sanmar Shipyards to build its next generation multipurpose tug.According to Svitzer the new smaller and nimbler TRAnsverse Tug is able to generate higher steering forces than most designs of similar dimensions and comes with an innovative staple design and unique ability to push, pull and maneuver in all directions. With omni direction hull form and propulsion, steering forces over the full range of speeds and maneuvers…

Towage operator Svitzer said it has purchased and renamed the Immingham-based tug Innovation, following the end of a chartering agreement for the vessel from Damen Marine Services.After the acquisition, the three-year-old vessel was renamed to Svitzer Eleanor. The name was picked by and named after Eleanor Wright, the daughter of Training Master Sam Wright, who has worked on board the tug since Svitzer first chartered the vessel from Damen.Svitzer describes the 75.3-ton bollard pull Damen RSD Tug 2513 as a solid, compact tug with high maneuverability.

Sanmar Shipyards said it has signed a contract to deliver two cleaner and greener versions of its Bogacay series of tugs to Sicily-based operator Rimorchiatori Augusta Srl. BOGACAY LII and BOGACY LIV have been refurbished and their propulsion systems upgraded using the latest technology to make them IMO Tier III emissions compliant. They will be delivered to Augusta Port in Sicily towards the end of 2022.The 24.4m x 12m x 5.45m sister tugs will be powered by two Caterpillar CAT 3512E C rating main engines…

SAAM Towage and Caterpillar Marine signed a global services agreement aiming to help boost the efficiency of the fleet of tugs operated by the Americas towage services provider. This will be accomplished using digital solutions for planned and preventative maintenance.According to SAAM’s Technical Manager, Pablo Cáceres, “This partnership will let us continue to focus on providing safe, efficient and more environmentally friendly services. It will also strengthen our digital transformation strategy.”The agreement calls for ongoing review of more than 200 Cat engines…

Port, logistics and towage services provider SAAM announced on Friday that it has finalized a $49.7 million deal to purchase 70% of post-capitalization shares of Intertug, enabling SAAm to begin towage operations in Colombia and expand its operations in the Mexican and Central American markets where Intertug has an established a presence.SAAM’s CEO, Marcario Valdés, said,  “With this deal, we improve our standing as the top tug operator in the Americas. It is consistent with our strategy of being leaders in the consolidation process that the industry is experiencing.

Damen Shipyards Group said it has been awarded a contract by Australia-based Engage Marine for the delivery of three new tugs.Engage Marine will operate the three tugs to provide towage services for the Port of Abbot Point. The company has recently been awarded a Non-Exclusive Towage Licence by North Queensland Bulk Ports Corporation.According to Damen, its  ASD Tug 3212 will bring to the contract excellent seakeeping behavior, superb maneuverability and outstanding towing characteristics – with 85 tonnes bollard pull.As a vessel from Damen’s standardized portfolio…

KOTUG Australia Pty Ltd  (KOTUG) and WESTUG PTY Ltd (Westug) have successfully concluded an agreement to re-shape the towage services for Pilbara Marine, a subsidiary of Fortescue Metals Group (Fortescue) in Port Hedland. The service includes the operation of nine state of the art Rotortugs at Port Hedland, which have been servicing Fortescue and other port users since the commencement of operations in 2019.After almost three years of working together to successfully establish the towage service for Fortescue in Port Hedland…

After a 30-day voyage from Altinova, Turkey, SAAM Towage's newest tug SAAM Palenque has arrived in Colón, Panama, where the company provides towage services on the Atlantic and Pacific coasts.SAAM Towage Country Manager in Panama, Matia de Luiggi said, “We have been eagerly awaiting the arrival of this new tug, which will be an important reinforcement for our fleet. A compact vessel with advanced fire-fighting systems, it has all the technical specs for safely, efficiently serving…

Maersk's towage arm Svitzer announced it has extended its current contract with the Suez Canal Authority (SCA) to include two additional tugs amid increasing traffic volumes.The two tugs are +70 tonnes bollard pull newbuilds delivered from the Cheoy Lee Shipyard in China and will be manned by all Egyptian crews. The tugs are expected to enter service out of Port Suez by the Red Sea entrance to the Canal in the fourth quarter of 2021, Svitzer said.Svitzer has been providing towage…