Brazil’s CBO acquires local Rimorchiatori Riuniti subsidiary

Photo: CBO

Brazilian offshore services company CBO Holding has acquired the business and assets of Brazilian operator Finarge Apoio Maritimo (FAM), a subsidiary of Italian towage provider Rimorchiatori Riuniti.

The acquisition also includes FAM’s fleet of five anchor handling tug supply (AHTS) vessels, which consists of one Brazilian-flagged AHTS and four foreign-registered vessels. The five vessels are currently serving charter contracts with Petrobras.

With the conclusion of the transaction, CBO will have 14 AHTS vessels operating in Brazil.

Baird Maritime

The best maritime site on the web. The sea's our scene!