November 12, 2026
The Superintendency of Economic Competition approved the acquisition of all shares of CITI TUG S. A. by Boluda Towage Latam, a company specializing in maritime and port towage services, thus commencing its operations in Ecuador.
CITI TUG provides tugboat assistance services for vessel berthing and unberthing maneuvers at the Balao Oil Terminal in Esmeraldas province. Following the operation, the company will continue to provide its services under the administration of its new owner.
The operation was authorized by the regulatory body, which evaluated its potential market effects. The acquisition was formalized through resolution no. SCE-CRPI-24-2026.
Source: El Universo
