Ship management for MT Vacamonte in Oman.

June 11, 2020

MARSOL, a 100% subsidiary of KOTUG, signed a contract with VT Minerals B.V., part of VT Group, to provide manning and technical consultancy for tanker vessel “MT Vacamonte”. The tanker vessel will be trading in Omani waters.

”We are delighted that so soon after the completion of the acquisition of MARSOL we can announce this new business opportunity, which fits our strategy to broaden our activities in the Middle Eastern market. This is the second bunker operation for KOTUG as we already execute all terminal towage operations, including bunker barge assistance, for Buckeye Partners L.P. in the Caribbean region in joint venture with Seabulk Towing, Inc. We are looking forward to a successful cooperation with VT Minerals B.V.”