Press release
Boskalis and SAAM begin joint towage operations in Americas
and Panama. The intended partnership, which is between SMIT, a wholly owned subsidiary of Boskalis, and SAAM, a wholly owned subsidiary of Sociedad Matriz SAAM... companies will operate under the name SAAM SMIT Towage (SST). The partnership consists of two underlying joint ventures, with a fleet of 100 tugboats... synergies are expected to generate additional value.
The geographic scope of the first joint venture covers the Brazilian towage market, where SMIT and SAAM