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VT Group strengthens South Europe position by acquiring Boluda’s bunkering operations

10 Jun 2020

Netherlands-based tanker shipping company VT Group is reportedly acquiring Boluda Corporación Marítima’s bunkering business and assets.

Boluda has bunkering operations in Barcelona, Algeciras and Gibraltar, Ceuta, Las Palmas in the Canary Islands, Trinidad & Tobago, and Balboa and Cristobal in Panama – all of which will be purportedly acquired by VT Group.

Valencia-based Boluda has three main operations; Boluda Towage for towing , Boluda Lines for shipping, handling and forwarding and Boluda Tankers for bunkering.

As a supplier, Boluda has an annual capacity of 12 million metric tonnes of bunker fuel, it owns eleven tanker vessels in Spain and four in Panama and Trinidad & Tobago.

“Through this transaction, VT Group is strengthening its position in the bunker hotspots in Southern Europe, Central America and the Caribbean as part of its strategy to grow with its customers in their bunker hubs,” said a company representative. 

VT reportedly expects the transaction to close by the third quarter of 2020. 

Photo credit: VT Group
Published: 10 June, 2020


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