Saam Towage

SAAM Towage achieves major milestone with cross-border towing operation

SAAM Towage has successfully executed a major and complex towing and logistics operation, marking a significant milestone in the company’s capabilities.

This extensive maneuver, which involved collaboration across five countries—Panama, Colombia, Ecuador, Peru, and Chile—highlighted the strength of SAAM Towage’s operational network and its exceptional coordination across international teams.

The operation required 115 days of navigation by the tug Águila III, covering over 8,000 nautical miles.

Rai...

https://container-news.com/saam-towage-achieves-major-milestone-with-cross-border-towing-operation/

SAAM Towage, Caterpillar Marine sign deal to advance electrification and alternative fuel usage

SAAM Towage and Caterpillar Marine have entered into a Memorandum of Understanding (MoU) to explore and adopt alternative power solutions beyond diesel, such as electrification and alternative fuels like methanol and ethanol, across their tugboat fleet.

The collaboration includes advancements on a dual-fuel engine—the Cat® 3500E—which will utilize methanol and is slated for testing later this year.

Pablo Cáceres, SAAM Towage’s Sustainability and Development Manager, remarked that this partnership...

https://container-news.com/saam-towage-caterpillar-marine-sign-deal-to-advance-electrification-and-alternative-fuel-usage/

Caterpillar Marine and SAAM Towage in MOU on electrification and alternative fuels

MOU with SAAM Toage hanshake shot

Caterpillar Marine has entered a memorandum of understanding (MOU) with SAAM Towage to assess and implement alternative power solutions, including electrification and alternative fuels such as methanol and ethanol, for the SAAM tugboat fleet. The first SAAM Towage tugboat powered by Cat 3500E dual-fuel methanol marine engines is anticipated to embark on its first job in 2026.

Headquartered in Santiago, Chile, SAAM Towage is a leader in towage and maritime services at more than 90 ports spanning...

https://www.marinelog.com/inland-coastal/coastal/caterpillar-marine-and-saam-towage-in-mou-on-electrification-and-alternative-fuels/

Chile’s first electric tugboat nears completion

Latin America’s first electric tugboat, set to operate in Chile through a partnership between Enap and SAAM Towage, is progressing with final sea trials and bollard pull testing near the shipyard in Tuzla Bay, Istanbul.

These tests ensure the vessel meets all technical specifications while assessing its static behaviour and system performance to guarantee safe operations.

Pablo Cáceres, SAAM Towage’s Sustainability and Development Manager, mentioned: “We are pleased and proud of the results...

https://container-news.com/chiles-first-electric-tugboat-nears-completion/

SAAM reports US$59 million net income in 2024

SAAM reported a net income of US$59.2 million from continuing operations in 2024, with EBITDA reaching US$188 million (+17%) and revenue totalling US$578 million (+7%), marking a solid year for the company.

During the previous year, SAAM completed the integration of acquired assets from Starnav (Brazil) and Pertraly (Ecuador).

Additionally, SAAM recorded US$479 million in net income from the sale of its port terminal and inland logistics operations in August 2023. The Board of Directors proposed...

https://container-news.com/saam-reports-us59-million-net-income-in-2024/

New line handlers join SAAM Towage fleet in Vancouver

The newly arrived line handlers joining SAAM Towage Canada’s fleet were unloaded from the vessel “Jumbo” at the Port of Vancouver on 6 January, following their voyage from Hong Kong.

“These multipurpose vessels play a key role in berthing and unberthing vessels by
transferring mooring lines from the ships being assisted to crews on the ground. They also
assist with emergencies, rescuing people from the water and scanning for incipient changes
in weather, tides and wind for pilots at the terminal...

https://container-news.com/new-line-handlers-join-saam-towage-fleet-in-vancouver/

SAAM records over US$420 million in revenue in 2024 so far

SAAM has achieved improved financial results in the first three quarters of the year, with revenue of US$427 million and EBITDA of US$137 million, translating to year-on-year increases of 8% and 14%, respectively.

In the third quarter, the company’s revenue totalled US$143 million (+4%) and EBITDA was US$47 million (+14%), while net income reached US$12 million.

“Our towage division is continuing to consolidate recently acquired operations and has performed steadily, even with the greater weather...

https://container-news.com/saam-records-over-us420-million-in-revenue-in-2024-so-far/

Electrification: Leading the “charge”

By Michael D. White

The clock is ticking down as the maritime industry is racing to implement innovative technologies to meet the net-zero emissions by 2050 set by the International Maritime Organization (IMO) in 2023.

To meet the challenge, electrification is being folded into the mix as a doable ‘green’ solution and vessel operators and designers along the West Coast from Alaska to California are leading the effort to develop and implement the latest developments in the field to reduce...

https://www.marinelog.com/news/electrification-leading-the-charge/

SAAM Towage’s first electric tugs arrive at Port of Vancouver

SANMAR Shipyards has delivered SAAM Towage’s first electric tugs to the Port of Vancouver in Canada. These cutting-edge ElectRA 2300SX units, developed in collaboration with Canada’s Robert Allen, are expected to reduce greenhouse gas emissions by approximately 2,400 tons annually at full capacity.

Following their arrival, the tugs will undergo necessary preparations with crews and equipment manufacturers. SAAM Towage currently operates a fleet of over 20 tugs across nine ports in British...

https://container-news.com/saam-towages-first-electric-tugs-arrive-at-port-of-vancouver/

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