Boluda moves its expansion plans in Northern Europe with the acquisition of Finnish harbour towage and icebreaker company, Yxpila Hinaus-Bogsering.
It is a family-owned company that started operating more than 40 years ago in the Finnish port of Kokkola, providing harbour towage and icebreaking services.
YHB will add to Boluda Towage all its experience at the forefront of towing operations in the extreme conditions of the Baltic, where ice and low temperatures require the knowledge and expertise of expert crews to perform maneuvers safely and efficiently.
With this acquisition, Boluda Towage aims to further consolidate its presence on the coasts of Northern Europe and enter the Scandinavian market to serve its customers in the Gulf of Bothnia, operating in the ports of Kokkola, Vaasa, Raahe and Kemi.
The company will add six vessels to its fleet, five of them icebreakers.
Vicente Boluda Fos, president of Boluda, said: “This purchase is a further step in our consolidation in Northern Europe, a complex market where the experience and expertise of the crews are key to carry out towing and marine salvage operations in extreme conditions.
“In addition, we are opening the Scandinavian market, providing coverage to our customers in the northernmost part of the Baltic Sea”.
The Kokkola docks have grown significantly in the last decade, Boluda said, becoming one of the largest logistics facilities in Finland with special relevance for the mining industry, as well as for dry bulk cargo, chemicals and timber.
It’s worth mentioning that Boluda Corporación Marítima operates through two main business divisions, Boluda Towage and Boluda Shipping.
