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PressReleases 
Articles Fairplay and Multraship join forces
Thursday, August 14th, 2008
Dutch towage and salvage specialist Multraship and Hamburg-based Fairplay Towage have joined forces to create a platform for expansion. Under the agreement Fairplay BV, the Dutch arm of the Fairplay group, will take a 50 percent shareholding in Muller Maritime Holding, the holding company for Multraship. The two companies joined forces in order to strengthen their strategic position and intend to expand their activities jointly.
Leendert Muller, managing director of Multraship, says, “Joining forces with Fairplay creates a strong platform for growth for Multraship. Both companies are owned by families with deep experience in towage and salvage. We have had good relations for some time, we have the same mindset, we have vessels on charter to Fairplay, and this investment makes good sense by delivering us better access to capital, resources and the market. In an increasingly globalised market this allows us to move our already strong company up a notch.”
Under the agreement Multraship will continue to be managed by the existing family board and management. Expansion of the office staff and tug crews is anticipated as the company takes delivery of new vessels and expands into new markets.
•MULTRASHIP is a leading Dutch towage and salvage company. Run by the Muller family, it draws on more than ninety years of experience. Its core operations include salvage, wreck removal, harbour towage, coastal and deep-sea towage, services to the dredging and offshore industries and support for inland navigation. It operates and manages a fleet of thirty-two tugs, salvage vessels, floating sheerlegs and other craft equipped with modern towage, salvage and fire-fighting equipment and manned by experienced and highly-trained masters and crew. Three new tugs are scheduled for delivery from late 2008 onwards. www.multraship.com
•FAIRPLAY TOWAGE today comprises a group of companies engaged in the towage industry in Hamburg, Rotterdam, Rostock, Wismar, Swinoujscie and Szczecin. Besides harbour towage it is involved in deep sea and coastal towage, off-shore towage / support and salvage work. www.fairplay-towage.com
For more information contact:
Eline Muller Joerg Mainzer
Multraship Fairplay Towage
+31 (0)115 645 000 +49 (0)40 37499917
directie@multraship.com joerg.mainzer@fairplay-towage.com
