Middle East

P&O Maritime buys majority stake in Spanish OSV firm

Dubai: P&O Maritime, part of the DP World empire, has acquired a majority stake in Remolcadores de Puerto y Altura S.A. (Repasa), a Spanish operator of offshore support vessels for the energy industry, to form a new joint venture company under the P&O Maritime brand.

Headquartered in the Port of Tarragona, family-owned Repasa provides marine support services to the offshore energy industry through the operation of a modern fleet of twelve tugs. The company was recently awarded a long term contract in Equatorial Guinea to support the LNG tanker berthing/unberthing operations at Punta Europa Terminal.  [14/09/14]

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