Our excellent track record in servicing the energy sector developed since the 1960s, set another milestone in 2014 when we acquired a majority stake in Remolcadores de Puerto y Altura S.A. (REPASA), the Spanish operator of offshore support vessels for the energy industry. This is a joint venture under the P&O Maritime brand well positioned to leverage combined strengths to expand in the global LNG market, which is expected to double in size by 2020.
Our people are the pillars of the company’s success. The partnership has created an enormous pool of talent that includes highly trained and fully STCW certified seamen, experienced shore staff and a young workforce.
Founded in 1980, REPASA was the first Spanish towage company to achieve ISO 9000 certification. It is also certified as ISO 14000 and ISM Code compliant and brings with it one of Europe’s youngest and most modern fleets. Our new P&O Maritime fleet now includes 12 Anchor Handling and Azimuth Stern Drive vessels to service offshore energy projects.
The JV with REPASA also expands our portfolio with a recently-awarded long- term contract in Equatorial Guinea to support the LNG tanker berthing/unberthing operations at Punta Europa Terminal.