Singapore vessel operator PSA Marine, through wholly owned subsidiary PSA Marine Americas, has completed its acquisition of a 45 per cent stake in Meyer's Tugs (MTSA) from Inversiones Maritimas CPT, a wholly owned subsidiary of CPT Empresas Maritimas (CPT) of Chile.
MTSA was incorporated in 2015 and is headquartered in Panama. The company offers towage services between the Pacific and Atlantic coast in Panama using a fleet of six harbour tugs.
Subsequent to the completion of the acquisition, MTSA will be rebranded. Gabriel Forero, General Manager of MTSA, together with key managers, will continue to run the company.
