News / Kotug and Smit team up to challenge Svitzer to new tug of war

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Dutch towage and salvage operators Kotug and SMIT are to merge their North European harbour towage activities into a 50-50 joint venture company which will give the new entity access to a fleet of 60 tugs stationed at 11 ports in the Netherlands, Belgium, Germany and the UK.

The agreement, which is subject to due diligence and regulatory approval, is seen as a reaction to the launch early next year of the new 2M and Ocean Three (O3) alliances, in particular, ...