SAAM finalizes acquisition of 21 new tugboats from Starnav and expands its operational fleet

The acquisition of 21 Starnav tugboats by SAAM marks another important step in the company's history. It expands its fleet to reach new projects in the marine market.

The company SAAM Towage announced the acquisition of 21 new tugboats this Friday, (05/05), marking an important moment in its history. The vessels were purchased from the Starnav company, and are now part of the multinational's fleet, which aims to expand its operations in the market, now with 69 ships. This is one of the largest transactions in SAAM's entire history, in addition to being an important strategy for the growth of the sector. maritime In the next years.

SAAM reaches the milestone of 69 ships in its fleet with the acquisition of 21 tugboats from the Starnav company completed

SAAM Towage Brasil, a leading company in port, logistical and tug services in America, is about to further expand its prominent position in the market.

The company has just concluded one of the biggest transactions in history by acquiring 21 tugboats from the Brazilian company Starnav.

With this acquisition, SAAM Towage Brasil will have a fleet of 69 vessels, making it one of the largest and most efficient fleets in the country.

The purchase includes 19 tugboats that are already in operation and two that are in the final construction process.

This transaction is part of the company's strategy to maintain its leadership in the tug industry and strengthen its presence in the Brazilian market.

According to the CEO, Macario Valdés, “With this closure, we will have one of the most efficient and modern fleets in the country, allowing us to also renew part of the current fleet”.

Brazil is the main area of ​​operation for SAAM, which offers high quality services throughout the country.

With the acquisition of Starnav tugboats, the company is preparing to meet even more customer demands and ensure the efficiency of port operations throughout the national territory.

The expansion of the SAAM Towage Brasil fleet shows that the company is ready to offer customers an even more efficient, safe and high quality service.

This transaction marks a new moment in the company's history, consolidating its leadership position in the port and tug services market.

Starnav and SAAM signed a US$ 198 million agreement for the transaction of the new 21 tugboats in the multinational's fleet

The transaction value for the acquisition of Starnav's assets was agreed to be US$198 million, less the outstanding debt on the assets that will be deducted at closing.

The negotiation is one of the largest in the history of SAAM Towage and is part of the company's strategy to lead the tugboat industry in Brazil.

With the addition of the new tugboats, SAAM Towage Brazil will have one of the largest and most efficient fleets in the country, with 69 vessels operating in 19 ports in the national market.

This represents an increase of more than 40% in the size of the company's fleet in Brazil, further strengthening its outstanding position in the market.

SAAM Towage is recognized for the quality of its services, offering service in more than 90 ports in the Americas and performing more than 140.000 maneuvers for 40.000 vessels each year.

The company has a fleet of more than 210 tugs operating in 14 countries, primarily in Central and South America, as well as the West Coast of Canada.

With this transaction completed with Starnav, SAAM Towage further reinforces its commitment to providing customers with high quality and efficient services with its tugboats.