KOTUG International B.V. said today that it has concluded the acquisition of Kotug Seabulk Maritime LLC (KSM), taking full ownership of the business. KOTUG has acquired the interest held by its joint venture partner, SEACOR Holdings Inc. through its Seabulk subsidiary’s KS Maritime Holdings LLC, which had held a 50% share in KSM.
Ard-Jan Kooren, CEO of family-owned KOTUG, commented, “Together with Seabulk, we have developed KSM into a renowned, leading towage brand in the Caribbean. We are...
https://www.marinelog.com/news/kotug-takes-full-ownership-of-kotug-seabulk-maritime/