Spain-headquartered Boluda Towage has taken the next step in its international expansion with the acquisition of Royal Boskalis BV’s towage business in Australia and Papua New Guinea.
The $600m transaction expands Boluda Towage’s presence to five continents and strengthens its fleet with 39 additional tugs. In total, it extends its capacity to 232 ports, with a workforce of 10,000 professionals worldwide, and boosts its fleet to more than 850 vessels.
Boluda Towage states that the acquisition adds modern and versatile tugs to its network, along with operations in 9 key ports and a regional headquarters in Sydney.
With a team of 400 new professionals, including seafarers and shore personnel, the company expands its reach in one of the most dynamic regions of international maritime trade. The ports of Weipa, Townsville, Mackay, Gladstone, Brisbane, Newcastle, Botany, Melbourne, and Papua New Guinea now join Boluda’s network.
In its statement, Boluda Towage explains that this integration allows the company to consolidate its position in Asia, where it already operates in Hong Kong, Singapore, Malaysia, and Timor-Leste.
“With this operation, we consolidate our presence on a global scale, being active in all four hemispheres to continue providing the best service to our clients across more countries and ports worldwide. We also aim to support the development and improvement of port infrastructure wherever we operate, always ensuring safety and sustainability,” says Vicente Boluda Ceballos, president of Boluda Towage.
