Freeport, Bahamas - Freepoint Tug & Towing Services (FTTS) is
presently looking to employ over 25 persons in the next 9 months as they
significantly expand their presence in Grand Bahama.

FTTS is 50% owned by SVITZER Americas Ltd. and 50% owned by

Statoil

South Riding Point (

SSRP) with SVITZER acting as the managing
partner. SVITZER is the world's largest towage operator and has been
providing services

through FTTS
in Grand Bahama since 1995

.

"Currently, FTTS operates a fleet of 7 tugs locally and employs 4
Bahamian shore staff and 41 Bahamian crew..."