Tug owner Kotug International has acquired Marsol International to bolster its offshore marine terminals operations
This purchase sees Kotug provide marine services at offshore terminals loading and unloading tankers worldwide, particularly in the Middle East.
Marsol specialises in managing offshore single point mooring (SPM) terminals and related infrastructure. Its core business is integrity management-based commercial and technical marine service solutions for SPM and offshore terminals.
Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries. Its operational headquarters are in Dubai, United Arab Emirates.
Kotug chief executive Ard-Jan Kooren said this acquisition will strengthen Kotug’s position in the maritime services industry in the Middle East. “Although we find ourselves in exceptionally challenging times, Kotug is committed to continue to strengthen and expand its worldwide activities,” he said.
“The integration of Marsol services will allow us to enter the Middle East market and add substantial value to our broad portfolio of services to our global customers.”
Marsol founder and owner Mike Young expects further growth for its offshore services through Kotug’s expanded business. “Over the last 15 years, Marsol has developed a well proven and recognised offshore service centre model and a sound track record with a knowledgeable and experienced team,” said Mr Young.
“I feel confident this acquisition opens the door for Marsol and its staff to participate extensively, through its value-adding terminal operations and maintenance packages in Kotug’s (new) business areas globally”.
Daily management of Marsol will be handed to Willem de Vries who is responsible for Kotug’s Middle East office in Dubai.
Kotug provides terminal towage assistance at port facilities and at floating facilities, such as SPM terminals, plus at oil and gas production, storage and offloading assets.
Its tugs assist tankers and LNG carriers berthing at these terminals and provide safety cover, including fire-fighting and oil pollution control.
In Egypt, Kotug provides towage services for SUMED (Suez Canal terminal) at the Ain-Sukhna in the Red Sea.
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