Boskalis Buys Fairmount Marine

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.

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Press Release, March 3, 2014; Image: Fairmount