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Miclyn Express Offshore to acquire 50% of Uniwise TowageMiclyn Express Offshore to acquire 50% of Uniwise Towage

Australia-based Miclyn Express Offshore (MEO) will acquire a 50% stake in Uniwise Towage Limited from Svitzer Asia, a subsidiary of AP Moller-Maersk Group.

Lee Hong Liang, Asia Correspondent

October 29, 2013

1 Min Read
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MEO has agreed to purchase all of Svitzer's shares in Uniwise Towage for $18.9m. Uniwise Towage has been operating since 1999 as a joint venture between Svitzer and Unithai Group, MEO's existing joint venture partner in Uniwise Offshore.

“This acquisition is a natural extension of the position we have built up in Thailand in offshore vessel support services,” said Diederik de Boer, ceo of MEO. “The integration of Uniwise Offshore and Uniwise Towage will be seamless given that the two businesses already share office space and resources.”

Uniwise Towage operates a fleet of five marine support vessels and utility vessels supporting tanker lifting, static tow, drilling rig activities, anchor handling, and other services.

The vessels are all chartered long term to oil companies in Thailand.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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