FLEET EXPANSION FOR KOOLE CONTRACTORS

The company received a major boost in February 2016 when it acquired the salvage assets from Mammoet Salvage B.V., part of Mammoet Holding B.V. Mammoet’s core business is engineered heavy lifting and transport and at the time, while acknowledging there were many similarities with the salvage industry, said the characteristics of the individual markets required that each activity had a specific focus.

Koole Contractors describes itself as an “international industrial and maritime service and solutions provider” which specialises in industrial demolition, remediation, wreck removal and maritime construction activities. As well as the four tugs mentioned above, its fleet list includes seven barges, four of which are illustrated with cranes. The 1969 Germanbuilt general cargo vessel Koole 74 is also part of its fleet.

As the salvage market was not 100% related to Mammoet’s core activities it was considered in the best interest if both Mammoet and Mammoet Salvage each had the opportunity to completely focus on its core activities and strategy. The agreement involved transfer of Mammoet personnel and sale of salvage material to Koole, at the time the new company named Koole Mammoet Salvage B.V. undertook expansion of offices in Singapore and Houston.