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SAAM Reaches Agreement to Acquire Tugs from Starnav in Brazil | Hellenic Shipping News Worldwide

Published: May 9, 2022

SAAM achieved a new milestone for its Towage Division today after signing an agreement with the Brazilian company Starnav to acquire 17 tugs currently operating in Brazil. The deal also involves the purchase of four additional tugs presently under construction. “This agreement, one of the largest transactions in SAAM’s history, enables us to continue growing ...

Source: hellenicshippingnews.com

SAAM earnings up 33% in first quarter and company announces new international acquisitions

Published: May 8, 2022

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported positive results for the first quarter of 2022. The company had net income of US$23 million, up 33% with respect to the same period last year, while sales and EBITDA reached US$202.2 million (+20%) and US$71 million (+14%), respectively. ...

Source: hellenicshippingnews.com

SAAM reaches agreement to acquire tugs from Starnav in Brazil

Published: May 7, 2022

The purchase is valued at US$150 million

Source: en.portnews.ru