Boskalis and its co-shareholder KS Investments (Keppel) have secured regulatory clearance to offload harbour towage activities in Singapore as well as Malaysia.
Under the deal, Italian towage operator Rimorchiatori Mediterranei will buy Keppel Smit Towage (KST) and Maju Maritime.
The transaction was signed last November, with completion anticipated at the beginning of the third quarter of this year.
Boskalis will secure a cash payment of nearly €80m for its 49% equity interest in the joint venture.
https://www.ship-technology.com/news/boskalis-regulatory-harbour-towage-operations/