Hamburg-based Fairplay Towage and Dutch towage and salvage specialist Multraship have jointly launched a new company to provide towage services in Antwerp, the companies said Thursday.
Antwerp Towage NV, a 50-50 joint venture between Fairplay and Multraship, is the first new initiative launched by the two companies since August, when Fairplay took a 50-percent stake in Multraship. They joined forces "to create a platform to strengthen their strategic position and to expand their activities jointly."
The tugs deployed initially will be the Fairplay 22, Multratug 5, Fairplay 17 and Multratug 10, providing a four-vessel fleet serving the river areas of the port of Antwerp. Eventually, there are plans to replace these tugs with newbuildings, the companies added.
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