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KOTUG jv wins SUMED towage and maritime services contractKOTUG jv wins SUMED towage and maritime services contract

KOTUG and Petroconsult have formed a joint venture which will provide operational and towage services for Arab Petroleum Pipelines Co SUMED.

Marcus Hand, Editor

November 12, 2018

1 Min Read
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The joint venture KOTUG Petro Maritime (KPM) is 80% owned by KOTUG and 20% Petroconsult and 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 is deploying two 80 ton Rotortugs for the contract. Both tugboats will be operated by native Egyptians supported by local shore staff.

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“We are looking forward to cooperate with Petroconsult and to start activities with our new partner in a familiar sector in the Middle East. The partnership represents a strong alliance between two industry experts. KPM aims to leverage the impressive reputation, experience, technology, and practical “know how” of KOTUG International and Petroconsult,” said Ard-Jan Kooren, ceo of KOTUG International.

The joint venture aims to provide maritime services to Egypt's oil and gas and other terminals.

Read more about:

EgyptFSRU

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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