SAAM Towage Brazil concluded the purchase of 21 tugboats from the Brazilian shipping
company Starnav, out of which 19 tugs currently operating in Brazilian waters and two additional
vessels that are in final construction phase. The agreed-upon total value of the Starnav assets
is USD 198 million. The outstanding debts on the assets will be deducted from this amount
upon closing. Once the new assets have been integrated, the company will have a fleet of 69
tugboats distributed over 19 Brazilian ports.
saam growing
