by Hans | August 15th, 2012
Sydney, Australia/Rotterdam, The Netherlands, August 15, 2012: Teekay Shipping Australia Pty Ltd. (Teekay) and KOTUG International B.V. The Netherlands (KOTUG) today announced the establishment of a new Joint Venture (JV) company, called KT Maritime Services Australia Pty Ltd, to pursue new business opportunities in the Australian towage market.
“We believe there are new opportunities for trusted and experienced companies like Teekay and KOTUG to provide superior towage services at existing and green field terminal developments,” commented Ard-Jan Kooren, CEO of KOTUG. “The JV between Teekay and KOTUG will bring together complementary skills from each partner. At KOTUG, we have many years of practical and technical experience in the towage field, including the deployment of our highly maneuverable RotorTug technology. Combined with Teekay’s worldwide reputation for operational leadership and deep knowledge and expertise in the Australian crewing and ship management markets, this results in a strong partnership to pursue new business.”
“The Australian market for towage services is growing as new LNG projects begin production, adding to the ongoing growth in Australian coal and iron ore export shipments,” commented David Parmeter, Managing Director, Teekay Shipping Australia Pty Ltd. “Since 2002, Teekay has operated in the Australian towage market at both Hay Point and Port Hedland where we currently manage 12 tugs and have experience with several KOTUG RotorTug vessels. With our new JV company, we are formalizing a partnership that will deliver top tier towage services for the Australian market.”
Under the terms of the JV agreement, Teekay and KOTUG will both continue to separately manage respective existing operations in various Australian ports.
KT Maritime Services Australia Pty Ltd will be located inPerth,Australia. Jamie Anderson, Business Development Manager for KT Maritime Services Australia, will be responsible for developing new business with potential customers.
About Teekay
Teekay Corporation is an operational leader and project developer in the marine midstream space. Through its general partnership interests in two master limited partnerships (MLPs), Teekay LNG Partners L.P. (NYSE:TGP) and Teekay Offshore Partners L.P. (NYSE:TOO), its controlling ownership of Teekay Tankers Ltd. (NYSE:TNK), and its fleet of directly-owned vessels, Teekay is responsible for managing and operating consolidated assets of over $11 billion, comprised of approximately 150 liquefied gas, offshore, and conventional tanker assets. With offices in 16 countries and approximately 6,400 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies, and with its reputation for safety, quality and innovation it has earned a position with its customers as The Marine Midstream Company.
Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.
About Kotug
KOTUG is an international maritime service provider. KOTUG offers its clients a high quality level of services based on a safe, efficient and eco friendly operation.
With a century of experience combined with a modern fleet, KOTUG has built its reputation as a competitive and innovative player in the maritime industry for harbour towage, coastal & deep sea towage, salvage and emergency response, tug management, crew training, chartering, brokerage, offshore services and assistance to dredging industry.
KOTUG constantly improves the quality level of services to its clients’ needs and uses the latest technologies and equipment combined with well-trained crews. KOTUG distinguishes itself from the market by the development of the patented RotorTug concept. The principal advantage of this revolutionary RotorTug is its remarkable maneuverability, provided by its three azimuth propulsion units. Recently KOTUG introduced World’s first hybrid RotorTug, the so-called “E-KOTUG”, operating in thePort of Rotterdam.
