Due Diligence for Towage Operator Acquisition, Singapore and Malaysia

Client: Rimorchiatori Mediterranei S.p.A.

Background:

•We were appointed to undertake both the commercial and technical due diligence for the acquisition of two leading tug operators in Singapore and Malaysia

What it delivered:

•Review and analysis of Singapore and Malaysia’s towage market including market demand, competitor and customer analysis, regulatory framework, tariff 

•Vessel upsizing trend analysis, tug traffic analysis over a 5-year period and correlation with revenue per tug move 

•Identification of future fleet and infrastructure expansion 

•30-year forecast model for each region (including forecast opex, maintenance capex and fleet expansion capex) 

•Asset integrity, technical specification, operational performance review