Boluda Buys German Towage Operators

Spain’s Boluda Corporación Marítima has acquired the German towing company URAG and its subsidiaries URAG International and Lütgens & Reimers (L&R).

The sale of the Germany’s oldest tug operators comes following the firms’ financial problems.

The signing of the business acquisition took place in the German city of Hamburg, between Vicente Boluda Fos and Vicente Boluda Ceballos and Klaus Thesenfitz, president and owner of Linnhoff, a sales company.

According to Boluda, the acquisition is a strategic move as it places it in important German ports, such as Hamburg, the second in Europe, or Bremenhaven, the fourth most important European port.

The deal is part of the expansion program being carried out by Boluda Towage and Salvage, which has already been established in France, West Coast of Africa, Indian Ocean, Latin America and the Caribbean.

Boluda Corporación Marítima has created the company Boluda Deutschland, which will be in charge of the management of the German companies.

In addition to Hamburg and Bremenhaven, service will also be provided in Bremen, as well as port areas of Brake, Cuxhaven, Nordenham and Willhelmshaven, Boluda said.

The acquisition relates to a fleet of 18 tugs, both port and offshore, operating in seven ports and a staff of 140 people.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >