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SAAM Towage-Starnav deal will boost harbor towage services in Brazil, market players tell CADE

By Paula Mariane ( August 25, 2022, 18:08 GMT | Insight) -- Market players from diverse sectors, including Bunge and Hapag-Lloyd, have generally expressed neutral and positive opinions to the Brazilian competition authority about a deal between the Brazil subsidiary of Chile-based SAAM Towage and Brazilian maritime support firm Starnav. The companies queried by the Administrative Council for Economic Defense said the transaction will increase the offer of harbor towage services, and improve competition.Market players from diverse sectors, including Bunge and Hapag-Lloyd, have generally expressed neutral and positive opinions to the Brazilian competition authority about a deal between the Brazil subsidiary of Chile-based SAAM Towage and Brazilian maritime support firm Starnav. ...

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