Harbor towage sector is facing stiff challenges due to outbreak of COVID-19 pandemic.
The sector is witnessing downward pressure from the maritime industry in line with declining demand and in-turn downfall in the manufacturing activities.
By the start of this year the world was hit by a disruptive wave – COVID- 19.
The shipping sector also has experienced dramatic change in recent months.
Energy companies use complex networks of onshore terminals, storage tanks, blending facilities and pipelines.
Global growth in energy demand and a change in product mix in coming years should create new opportunities for storage services.
In February 2019 the Dutch maritime services provider Royal Boskalis has acquired a majority stake in UAE geotech company the Horizons Group, with strategy and corporate finance firm JBR among the advisors. The Horizon Group primarily operates in the Arabian Gulf and the Red Sea with the provision of geophysical surveys and geotechnical services
The M&A firm's deal team, which has come to be a trusted advisor to Boskalis in recent times, consisted of Kees van Biert, Rick ter Maat, and Mirthe van Schrojenstein Lantman.