Louis Dreyfus Armateurs (LDA) Group said it has sold its Dutch subsidiary Fairmount Marine to Dutch group Royal Boskalis Westminster NV.
In the last 7 years, LDA Group has transformed Fairmount Marine from a pure operator into a fully integrated shipowner with a fleet of 5 modern tug vessels, dedicated to ocean towage operations. Thanks to Fairmount Marine team skills and know-how and LDA Group expertise, the company has been successfully reorganized from an operator structure into a shipowning company, able to expand its various businesses and to develop an excellent track record.
“ LDA Group has decided to sell this company to Boskalis to give Fairmount Marine an opportunity to tackle new challenges, inside Boskalis organization. It is also a strategic decision for LDA Group to focus on its bulk transport and logistics activities as well as on marine industrial services based on long term contracts ,” LDA said in a statement.
[mappress] Press Release, March 3, 2014; Image: Fairmount