Rotterdam, 2018-11-12, Press Release
KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM) KPM awarded a long term contract by Arab Petroleum Pipelines Company SUMED
Leading global towage company KOTUG International BV has signed an agreement with Petroconsult to create a joint venture company called KPM. The partnering companies have been awarded a long term contract with SUMED to provide operational services and carry out towage operations including FSRU operations at their Ain Sukhna terminal located in the Red Sea, Egypt.
KOTUG provides SUMED with two newly built state of the art 80 tons Rotortugs to carry out these operations.
The newly formed company KPM is owned for 80% by KOTUG and for 20% by Petroconsult and is established in Egypt with its headquarters in Alexandria, Egypt. The company’s mission is to provide maritime services to Egypt’s oil, gas and other terminals, ports to improve the quality of services. KPM will combine KOTUG’s knowledge and leadership skills with Petroconsult’s strong local footprint and experience in the region. KPM is deploying two tugboats to execute the services to SUMED. In line with KOTUG’s aspiration to support local content both tugboats will be operated by native Egyptians supported by local shore staff.
The tugs have commenced services in October 2018.
KOTUG is a leading towage operator offering its innovative services to ports and terminals on a global scale. With a young and powerful fleet, its dedicated staff and well-trained crew KOTUG operates in a variety of markets including terminal
towage, harbour towage, offshore operations and salvage operations.
Headquartered in The Netherlands, KOTUG is active in Europe, Russia, Asia, Australia, Africa and the Caribbean and continues to expand its operations worldwide. Our longstanding knowledge is consolidated in KOTUG’s Maritime Excellence Center which provides training and consultancy. KOTUG is family-owned and firmly committed to the highest industry standards of health, safety, environment, quality and security.