News

In GENOA today 11th JUNE 2019, GMC (Euro-Greek towage Maritime Company) and Zouros Group are pleased to announce the signature of a Letter of Intent that will lead GMC to acquire 80% of the assets and operational interests in Zouros Group, the latter being one of the principal harbour towage service providers operating in the main and other ancillary ports in Greece. The transaction will ultimately see the ownership and operation of GMC’s current fleet of 4 ASD tugs joining the Zouros fleet. For this purpose a new joint venture company will be incorporated in which Zouros Group will hold the remaining 20% stake and the operational responsibility of the company jointly with GMC.

GMC is a recently Greek incorporated company equally owned by Rimorchiatori Mediterranei Spa, Neri Group and Cafimar – Rimorchiatori Laziali who amongst them command a fleet of about 200 tugs. The Italian companies have a strong harbour towage presence in Italy, in the Mediterranean Sea as well as beyond.