12.8 C
Hamburg
Saturday, June 7, 2025
Home Most Popular PSA Marine to acquire 45% stake in Meyer's Tugs

PSA Marine to acquire 45% stake in Meyer’s Tugs

PSA Marine Americas completed the acquisition of a 45% stake in Meyer’s Tugs from Inversiones Maritimas CPT, a wholly-owned subsidiary of CPT Empresas Maritimas, on 27 April 2023.

Following the completion of the acquisition, Meyer’s Tugs will be rebranded. Gabriel Forero, general manager of Meyer’s Tugs, together with his key managers, will continue to lead the company.

Meyer’s Tugs is headquartered in Panama and offers services between the Pacific and Atlantic coast in Panama.

“This new partnership will bring together our networks, expertise, and capabilities in the towage business, thereby driving the best business outcome for our customers,” commented Peter Chew, managing director of PSA Marine.





Latest Posts

Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
error: Content is protected !!