Commenting on sale, Joseph Farrell III, Deputy CEO of Resolve Marine said, “The Port of Gibraltar operations have been part of the Resolve Marine family since 2015. We are excited that Boluda Towage Europe saw the enormous value of a business that serves the Port of Gibraltar, adding to its portfolio of towage services in major global ports.” Farrell further expressed his gratitude towards the dedicated team in Gibraltar, acknowledging, "Our success in the region is a testament to the hard work and commitment of our professionals on the ground. Their efforts have been instrumental in our achievements here."
The acquisition continues Boluda's expansion in the international market and reinforces its strategic presence for maritime transport in the Strait of Gibraltar, the gateway from the Atlantic to the Indian Ocean through the Mediterranean Sea. The newly acquired purchase of a marine services business broadens the range of services Boluda can offer its clients in the local market.
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