Manila: Marine services provider Malayan Towage and Salvage Corp (Salvtug) has crossed the 60-mark for its fleet.
Capt. Edgardo Gualberto, Salvtug chairman and ceo, said in an interview with Malaya Business Insight, that his company has invested about $20m in the acquisition of three almost-new tugboats.
Gualberto, who started Salvtug in 1974 with just two tugboats and four barges, now has expanded the company’s fleet to include 41 multi-tasked tugs, six special project vessels, a crew boat, 13 container and general cargo barges,
“We are upgrading our fleet. We will invest as needed because the investment requirement is huge and the return on investment takes a long time,” Gualberto said.
Salvtug is the biggest among tugboat operators in the country and with the largest number of fleet. [02/05/13]