Teekay Shipping Australia Pty Ltd. and Kotu International BV the Netherlands have announced the establishment of a new Joint Venture (JV) company, called KT Maritime Services Australia Pty Ltd, to pursue new business opportunities in the Australian towage market.
'The Australian market for towage services is growing as new LNG projects begin production, adding to the ongoing growth in Australian coal and iron ore export shipments,' commented David Parmeter, Managing Director, Teekay Shipping Australia Pty Ltd. 'Since 2002, Teekay has operated in the Australian towage market at both Hay Point and Port Hedland where we currently manage 12 tugs and have experience with several Kotug RotorTug vessels. With our new JV company, we are formalising a partnership that will deliver top tier towage services for the Australian market.' Under the terms of the JV agreement, Teekay and Kotug will both continue to separately manage respective existing operations in various Australian ports. KT Maritime Services Australia Pty Ltd will be located in Perth, Australia. Jamie Anderson, Business Development Manager for KT Maritime Services Australia, will be responsible for developing new business with potential customers.
