- 01. Juni 2017
- Shipping News
Fairplay and Bugsier join forcesThe two traditional companies Fairplay and Bugsier have announced their intention to merge. The aim is to mutually further expand both these well known strong names in shipping and to continue strengthening the presence in Germany and Europe. It is intended that Fairplay Schleppdampfschiffs-Reederei Richard Borchard GmbH will acquire the Bugsier-, Reederei- und Bergungs-Gesellschaft mbH & Co. KG in the second half of the year.
Thus both parties have signed a "Letter of Intent" (Absichtserklärung). The Bugsier Reederei will be completely taken up and continued as a brand in the corporate group of Fairplay-Towage.
The timing for the merger is favourable for both parties. The market for harbour assistance in Northwest Europe is extremely competitive. An internationally well established network will be crucial for this market in the future. For the further development of such a Network it is important to have the strong presence of Bugsier in the German market to ideally complement the strong presence of Fairplay in other European countries. Consolidating the fleets of both companies will result in a flexible shipping partner, who is in a position to meet the requirements of clients and challenges brought by the future. Furthermore Bugsier will contribute new business areas and expertise to the Fairplay Group. A prime example hereof is the ocean towage for the oil and gas industry and the offshore wind energy industry.
Both shipping companies have already cooperated successfully in the field of Emergency Towing Vessels (ETV’s). For both companies and their employees this step is therefore a huge opportunity to position themselves firmly in the market and to expand their business activities.With more than 100 tugboats, this new company group will have a strong presence in the North European market.
Information of the companies
Bugsier Reederei today is part of the classic picture of most German seaports. Foremost in Hamburg and Bremerhaven the typical port-panorama includes Bugsier tugs and sheerlegs adding to the cities outstanding maritime atmosphere. Operating the largest tug fleet flying the German flag we have performed a vast number of towing jobs along the Northern European coast. In addition we provide services with salvage crafts and sheerlegs. With a fleet of efficient and powerful tugs we are serving the offshore oil & gas industry for decades as well as the flourishing offshore wind energy market. Our company has internationally earned an excellent reputation with executed projects on a worldwide scale. For ore Information please visit our website www.bugsier.de
Fairplay Towage today comprises of a group of companies mainly engaged in the towage industry with head-office in Hamburg and further offices and tug-stations in Rotterdam, Antwerp, Rostock, Wismar, Sassnitz, Wolgast, Szczecin, Swinoujscie as well as Gdynia. Since 2008 Fairplay Towage is Shareholder of the Dutch “Multra Towage & Salvage”. Multraship is active in harbour towage at Ports of Terneuzen, Vlissingen and Ghent, as well as at the Black Sea Port of Bourgas and the worldwide Offshore and Salvage Market. Our website will give you more insight into Fairplay Towage www.fairplay-towage.com