KOTUG, Horizon Maritime Create Joint Venture in Canada
- Business & Finance
KOTUG International B.V. and Horizon Maritime Services have formed KOTUG Canada, a joint venture company which will offer terminal and harbor towage services across Canada.
As explained, the joint venture intends to establish “a strong presence” within the Canadian terminal and harbor towing market.
By combining their complementary skills, the duo intends to share joint experience, expertise and best practices in the towage market.
“KOTUG continues to expand internationally and looks forward to providing sustainable industry-leading equipment and services to our Canadian customers. We have selected Horizon Maritime as our partner based on our relationship with its leadership team and on its focus on people and safety. We look forward to working together,” Osman Munir, Chief Commercial Officer, KOTUG, said.
With its fleet of more than 100 tugs, Rotterdam-headquartered KOTUG provides sustainable towage and related services to the maritime industry.
Horizon Maritime has operations in both Norway and across Canada and is serving both the challenges of Canadian waters as well as harsh and deep water environments around the globe.