Boluda Towage acquires CITI TUG, enters Ecuadorian tugboat market

Boluda Towage Latam has acquired CITI TUG, gaining exclusive control of tugboat services at the Esmeraldas oil terminal in Ecuador. The Superintendency of Companies (SCE) approved the deal, marking Boluda's entry into the Ecuadorian maritime market. This consolidation could affect port operations and competition in the region.

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