Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
The CBO Group, a Ship Operator, Completed the Acquisition of Finarge Maritime Support, Adding Five AHTS (Anchor Handling Tug Supply) Vessels to Its Fleet
Last Thursday (09/09), the CBO Group (Companhia Brasileira Offshore) announced, through a Relevant Fact, that it completed the closure of the acquisition of the Brazilian company Finarge Maritime Support, which owns a Brazilian-flag vessel of the AHTS type (Anchor Handling Tug Supply); and four foreign-flag vessels, also of the AHTS type, belonging to the Italian Finarge Armamento Genovese SRL, totaling five vessels. The total value of the transaction is US$ 94.4 million. READ THE STATEMENT PUBLISHED BY THE CBO GROUP HERE.
- Petrobras CEO Says Fortaleza Thermoelectric Plant Should Resume Operations in October
- Caterpillar and Chevron Sign Contract to Develop Hydrogen Projects
- Sebrae Opens Selection Process with Job Vacancies for High School and Higher Education Professionals in Maranhão
- Brazilian Digital Bank, C6 Bank, Has 500 Job Vacancies Available; There Are Work-from-Home Opportunities
- New R$ 100 Million Plant That Converts Waste into Energy Will Be Built in the State of Paraná
More Details on the CBO Group Acquisition
The payment will be made in three parts: in cash (one part by this date and one part over the next 24 months); by assuming the existing debt of Finarge Maritime Support Ltd.; and through the issuance of new shares of the CBO Group, representing 5.60% of its share capital, to be subscribed and paid in by Finarge SRL.
With the completion of the transaction, the five AHTS vessels that the CBO Group will have in its fleet are: AH Giorgio P, a Brazilian-flag AHTS Terminal Oceânico (AHTS TO), and four other foreign-flag AHTS vessels — AH Valletta and AH Varazze (both AHTS 19,000 Break Horse Power “BHP”), AH Liguria (AHTS 16,000 BHP), and AH Camogli (AHTS TO). With the acquisition, these latter vessels will be eligible to receive the Brazilian Special Registration (REB).
-
Unemployment rises again to 5.8% at the beginning of 2026, raising alarms about the end of temporary positions and its impact on the Brazilian job market.
-
Document organization can cut invisible costs in small businesses, a simple step that prevents waste, rework, and losses in daily operations.
-
Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
-
Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
Vessels Already Have Contracts with Petrobras
Four of the vessels acquired by the CBO Group in the transaction already have signed contracts with Petrobras lasting from two to four years, representing a gross revenue backlog of approximately US$ 126 million. The vessel that does not yet have a contract, AH Valletta, is already in Brazil, fully capable of operating.
By taking over operations from Finarge in Brazil, the CBO Group incorporates not only assets but also the workforce of Finarge, thus counting on more than 1,450 employees, including maritime and administrative staff. For this incorporation process, the company is receiving technical support from Integration Consulting since before the signing of the Investment Agreement, with the consultancy responsible for coordinating and planning all activities related to the transition of Finarge’s structure to CBO.
“With this acquisition, CBO solidifies itself as one of the main AHTS operators in the Brazilian offshore maritime support market, highlighting its ability to adapt to the requirements set by its clients, especially the AHTS TO vessels, whose operations focus on supporting FPSOs in handling and maintaining hoses. These vessels have gained importance in Petrobras’s tenders this year,” points out Marcos Tinti, CEO of CBO.
Also Check Out: CBO Group Calls for Offshore and Onshore Job Vacancies in Rio de Janeiro
The CBO Group (Companhia Brasileira Offshore), one of the leading companies in the vessel chartering segment that supports the oil and gas industry, has open job vacancies in September for offshore and onshore positions in the state of Rio de Janeiro. The company, which primarily focuses on the operation of medium-sized offshore support vessels, as well as inspection and underwater construction vessels, is calling for a management analyst, nautical officer, and occupational safety technician.
If you wish to apply for any of the job vacancies and access the full article, JUST ACCESS HERE to read all the requirements and activities for the positions being offered by the CBO Group.
Seja o primeiro a reagir!