Thetwo companies have established a new Perth-based joint venture companycalled KT Maritime Services Australia.

The duohopes to combine Kotug’s towage experience with Teekay’s expertise in theAustralian crewing and ship management markets to create a winning combination.

“Webelieve there are new opportunities for trusted and experienced companies toprovide superior towage services at existing and greenfield terminaldevelopments,” said Kotug chief executive Ard-Jan Kooren.

“TheAustralian market for towage services is growing as new LNG projects beginproduction, adding to the ongoing growth in Australian coal and iron ore exportshipments,” said David Parmeter, managing director, Teekay Shipping Australia.

“Since2002,