GROUP OCEAN, SULNORTE, AND CPT ANNOUNCE THE ESTABLISHMENT OF TUGNETWORK TEAM Offering Consolidated Port Towing Services in the Americas

Quebec, April 17th, 2024 – Port towing service providers Group Ocean of Canada,

Sulnorte of Brazil, and CPT of Chile are proud to announce that they have joined

forces to create a strategic cooperation network called TugNetwork Team. The

goal of TugNetwork is to enhance port towing business operations through

better services and alternatives for customers, wide coverage, identifying

synergies, and exchanging best practices with other operators. The creation of

this cooperative network will increase the competitiveness of local players and

put them on par with international counterparts to provide customers with

competitive prices and advantageous market coverage.


This partnership comes at a time when there has been market consolidation in

the port towing sector for several years. This has resulted in immense pressure on

shipowners, who ultimately have less freedom of choice in their port services. To

offset this threat, the aforementioned players have taken the initiative to unite

their forces in a strategic cooperation network.


This network offers tangible benefits to customers, including a comprehensive

understanding of local maritime conditions, flexible intervention and response

times tailored to customer needs, a presence in ports outside major centers, and

ultimately access to competitive offerings.


The current coverage of the TugNetwork team includes 82 ports with 108 tugs in

9 countries in the Americas, positioning the network as a key player in the

Americas.

However, the TugNetwork will not be limited to the current three founding

members but will seek to expand its coverage with other local players who share

similar experiences. For any information or inquiries regarding the services

offered or how to join the Network’s force, please write directly to:

[email protected]


ABOUT GROUP OCEAN:

Group Ocean is a full service maritime company with operations across Canada

and into the Caribbean. With over 1150 employees, the company undertakes a

multitude of projects in its three main complementary sectors: Harbour towing,

shipbuilding and repair, dredging & leasing of specialized maritime equipment.


ABOUT SULNORTE :

SULNORTE, a privately held Brazilian tugboat Company, which belongs to H.

Dantas Group, is one of most traditional Brazilian towage company, founded in

1978, and provides harbor and ocean-going towage, operating a fleet of 24

tugboats at the most important Brazilian strategic ports


ABOUT CPT:

CPT Towage is headquartered in Santiago de Chile and has more than 100 years

of experience in the maritime industry in Latin America, providing a wide variety

of services. Among those, port towage, offshore towage, and salvage services in

Chile, Peru, Ecuador, Argentina, Panama, and Mexico. CPT Towage is a proud and

active member of the International Salvage Union, and operates one of the most

modern fleets in the region, with a permanent focus on efficiency, safety, and the

environment, with the main objective of always bringing added value to its

customers.


MEDIA CONTACT INFORMATION

TugNetwork Team

Name: Steve Côté, Senior Director – Strategic Business Development

Telephone: +1-418-933-2633

Email: [email protected]

Website: www.tugnetworkteam.com