Kotug completes Seaways takeover
The latest DP2 asset of the Seaways fleet, Seaways 24 (Source: Kotug)
Rotterdam-based towage firm, Kotug International BV, has completed the acquisition of Seaways, a family-owned operator of DP2 anchor handlers, terminal and towage tugs, crew transfer vessels and cargo barges. It was founded by Captain Ashish Nijhawan in 1995.
Both companies provide support for operators in the rapidly expanding floating facility business, including exploration and production, storage, and terminal services. Kotug will now focus on the integration of Seaways and strengthening its leading presence in the floating offshore market, the company said.
Kotug president and CEO, Ard-Jan Kooren, commented: “It is with great respect that we say goodbye to Captain Ashish Nijhawan, his sons and his wife, whose accomplishments have been outstanding. Today, we welcome 340 new colleagues into the family-owned Kotug Group of companies, whose corporate cultures and values are very similar and compatible.”
Kotug has five divisions – Towage, Training & Consultancy, Intelligence, Subsea, and Maritime Excellence. The company is active in Asia, Australia, Africa, Middle East, the Americas, and the Caribbean.
