URAG is a historic European company with 126 years of history, founded to meet freight traffic demand on the Weser River as it passed through the city of Bremen, in the late nineteenth century. Since then it has evolved and specialized, and is currently one of the leading German towage companies, with a fleet of state-of-the-art vessels and a strategic presence in the major German ports.
Change of ownership
In 2017, the Boluda Towage Division acquired the companies URAG and Lütgens & Reimers.
Kotug Smit Towage was established in 2016 through the merger of Kotug (part of Kotug International) and Smit (owned by Royal Boskalis). The company had a leading presence in 12 ports in 4 European countries (the United Kingdom, the Netherlands, Belgium, and Germany), which has led to increased growth and smarter towing operations with a modern and efficient fleet of around 70 tugs.
KotugSmit Towage was incorporated in Boluda Corporación Maritima in August 2019.
The roots of KST's German subsidiaries go back to the 90’s, when its legal predecessor (Kotug) commenced towage activities in Germany.