Financial Ports

Kotug snaps up Dubai’s Vortex Offshore in Middle East power play

CLAVE 1 / 4Kotug International has acquired a majority stake in Dubai-based Vortex Offshore, expanding its Middle East footprint.

CLAVE 2 / 4The deal adds 11 vessels to Kotug’s fleet, including AHTS vessels, heavy-lift ships, and four newbuildings.

CLAVE 3 / 4Vortex will retain its brand and management team, preserving local customer relationships and operational knowledge.

CLAVE 4 / 4Financial terms and the exact size of the stake remain undisclosed.

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