The final obstacle to the acquisition of Keppel Smit Towage Private has been overcome; closing is expected by the end of June

The process continues for the landing of Rimorchiatori Mediterranean, a subsidiary of Rimrochiatori Rinuiti dedicated to the business of protective towing, in Asia.

This was announced by the Genoese shipping group by announcing that the Maritime and Port Authority of Singapore has approved the acquisition of the company Keppel Smit Towage Private Limited already announced last November.

“With the approval by the Maritime and Port Authority of Singapore, the last formal step of the acquisition of Keppel Smit Towage Private Limited by Rimorchiatori Mediterranei, a company controlled by Rimorchiatori Riuniti and owned by Dws of the Deutsche group, is completed Bank which owns all port towing activities in Italy and abroad “, reads a note.

“The operation, together with the acquisition of Maju Maritime Pte Ltd, will make Rimorchiatori Mediterranei the third largest port towing operator in the world with a fleet of over 160 tugs operating in three different continents (South America, Europe, and Asia) and over 1,400 employees “.