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04 June 2020 The on-line newspaper devoted to the world of transports 10:46 GMT+2

April 12, 2013

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Original news
Sfociano in an agreement the negotiations between Boskalis and SAAM for the activities of towing in America

will be constituted two joint venture, one for the Brazilian market and the other for Panama hat, Canada and Mexico

the negotiations in existence for a long time between the Dutch group Royal Boskalis Westminster and the South American Agencia Aéreas y Marítimas (SAAM), Chilean society been detached by shipowning group CSAV at the beginning last year, for the fusion of the respective activities of towing operated in the continent American have led in the subscription of a memorandum of understanding( 12of 10 January 2012 and November and 5 December 2011).
the understanding, than for the Boskalis group regards branch SMIT, previews the constitution of joint venture participated from SMIT with the 51% and SAAM with the 49% that will realize activity of towing in the Brazilian market. The new society will have a fleet of 41 tugs. Moreover the agreement previews the second constitution of joint venture of which SAAM it will stop the 51% and SMIT the 49% that will carry out activity of towing to Panama hat and in Canada through the SMIT and Mexico through the SAAM. Second joint venture will have a fleet of 55 tugs.
the understanding previews that SMIT and SAAM contribute to two joint venture with asset of total value comparabile.

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