Fairplay and Multraship join forces

Dutch towage and salvage specialist Multraship and Hamburg-based

Fairplay Towage have joined forces to create a platform for expansion.

Under the agreement Fairplay BV, the Dutch arm of the Fairplay group,

will take a 50 % shareholding in Muller Maritime Holding, the

holding company for Multraship. The two companies joined forces in order

to strengthen their strategic position and intend to expand their

activities jointly.

Leendert Muller, managing director of Multraship, says, “Joining forces

with Fairplay creates a strong platform for growth for Multraship. Both

companies are owned by families with deep experience in towage and

salvage. We have had good relations for some time, we have the same

mindset, we have vessels on charter to Fairplay, and this investment

makes good sense by delivering us better access to capital, resources

and the market. In an increasingly globalised market this allows us to

move our already strong company up a notch.”

Under the agreement Multraship will continue to be managed by the

existing family board and management. Expansion of the office staff and

tug crews is anticipated as the company takes delivery of new vessels

and expands into new markets.