Spain’s Boluda Corporación Marítima, that focuses its activity on port, coastal, and offshore towage as well as maritime salvage, has via its Boluda Towage division purchased the Gibraltar-based company Resolve Salvage and Fire (Gibraltar) Ltd.

Resolve Salvage and Fire is owned by Resolve Marine Group, which is a US based company with decades of experience in towing and marine salvage services for all types of vessels, as well as in engineering and maintenance projects for marine installations and constructions.

Boluda Towage has been operating for many years on both sides of the Gibraltar Strait, providing towage services in Cadiz, Algeciras, and Gibraltar on the European side, and in Ceuta and Tangier on the North African coast.

With this acquisition, Boluda Towage adds the tugs Elliot, Hercules, Rooke, and Wellington to its extensive global fleet, increasing its towage service and support potential and capacity in the Gibraltar Strait area.

Joseph Farrell III, deputy chief executive of Resolve Marine, commented on the sale: “The Port of Gibraltar operations have been part of the Resolve Marine family since 2015. We are excited that Boluda Towage Europe saw the enormous value of a business that serves the Port of Gibraltar, adding to its portfolio of towage services in major global ports.”

He also added that “Our success in the region is a testament to the hard work and commitment of our professionals on the ground. Their efforts have been instrumental in our achievements here.”