PRESS RELEASE
Rotterdam, The Netherlands/Dubai, UAE, September 1st, 2022
KOTUG FINALISES THE ACQUISITION OF SEAWAYS
KOTUG International B.V. (KOTUG) announces the successful closure of the intended acquisition
of SEAWAYS INTERNATIONAL (Seaways). As a result, Seaways is now a 100% owned subsidiary of
the KOTUG Group of Companies.
The acquisition of Seaways brings together the assets, expertise and people of two leading
companies that support the worldwide floating facility business such as FSO, FPSO, FLNG, FSRU and
SPM Terminals. With all customary, governmental, and other required approvals, KOTUG will now
focus on the integration of Seaways and strengthening its leading presence in the floating offshore
market.
The founder and former owner of the family-owned Seaways, Captain Ashish Nijhawan will be
stepping down from his role as Managing Director effective immediately. Under his leadership, the
company has been built from scratch to become the thriving business it is today. Owning and
operating an impressive fleet comprising DPS-2 capability AHT’s, Fast Crew Suppliers (Crew Boats
for Passenger Transportation) and Cargo Barges, and also providing terminal management services.
Ard-Jan Kooren, President & CEO of KOTUG: “It is with great respect that we say goodbye to Captain
Ashish Nijhawan, his sons and wife, whose accomplishments have been outstanding. Today, we
welcome 340 new colleagues into the family-owned KOTUG Group of Companies, whose corporate
cultures and values are very similar and compatible.”
“I am very proud of the company we have built, and I am incredibly thankful to everyone who has
worked to support our journey. I have deep trust in a bright future for Seaways under the
leadership of KOTUG executing their vision to be the world’s leading towage and maritime service
provider,” said Captain Ashish Nijhawan.
About KOTUG
KOTUG is a leading maritime family-owned company, offering its innovative towage and maritime
related services on a global scale. KOTUG is firmly committed to the highest industry standards of
health, safety, environment, quality and security. Adding value by sustainability-focused innovations, KOTUG provides the complete portfolio based on a combination of long-standing knowledge and advanced technologies. From designing, building, chartering and operating vessels
to training people and providing innovative consultancy services. The company’s expertise is divided
across five pillars: Towage, Training & Consultancy, Intelligence, Subsea and Maritime Excellence.
KOTUG is active in Europe, Asia, Australia, Africa, Middle East, North and South America and the
Caribbean and continues to expand its operations worldwide. www.kotug.com
Photo Signing Ceremony in Dubai: from left to right: Kush Nijhawan (ex Seaways), Mrs. Roma Nijhawan (ex Seaways), Capt. Ashish Nijhawan (ex Seaways), Ard-Jan Kooren (President /CEO KOTUG), Maxime Kohl (Legal Counsel KOTUG), Osman Munir (Vice President/CCO KOTUG), Kunal Nijhawan (ex Seaways), Guillaume Caillard, Seaways/KOTUG), Paul van Aalst (Manager Finance & Control, KOTUG)
Photo Seaways 24, the latest DP2 asset of the Seaways fleet.
