Kotug International has successfully completed its acquisition of Seaways International.
The acquisition brings together the assets, expertise and people of two companies specialising in the global floating facility sector.
With all customary, governmental and other required approvals in place, Kotug says it can now focus on the integration of Seaways and strengthening its presence in the floating offshore market.
The founder of the family-owned Seaways, Captain Ashish Nijhawan, will be stepping down from his role as managing director with immediate effect, having built up the company from scratch. Today it operates a fleet of DPS-2 capability AHTs, fast crew suppliers and cargo barges as well as providing terminal management services.
“It is with great respect that we say goodbye to Captain Ashish Nijhawan, his sons and wife, whose accomplishments have been outstanding,” said Ard-Jan Kooren, president and chief executive of Kotug.
“Today, we welcome 340 new colleagues into the family-owned Kotug Group, whose corporate cultures and values are very similar and compatible.”
Captain Ashish Nijhawan said he was very proud of the company and thankful to everyone who had worked to support its journey.
“I have deep trust in a bright future for Seaways under the leadership of Kotug executing their vision to be the world’s leading towage and maritime service provider,” he said.
