The deal, with an enterprise value of €300m ($340m), will see the towage company become part of the Boluda Group…
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Niels Smedegaard will be leaving at the end of April, having served a 12-year tenure at the top
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Singapore firm also sees improvement in vessel utilization, but charter rates continue to languish.
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Ferry was heading for Tanah Merah Ferry Terminal when it fell foul of Karang Galang reef.
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