Richmond, B.C. — April 16, 2026
Hodder Tugboat Expands Operations with Acquisition of Seaspan Forestry Marine Assets
Hodder Tugboat Co. Ltd. (Hodder) has entered into an agreement with Seaspan Marine to acquire its chip and hog fuel barging operations, along with related forestry industry marine transportation assets, subject to closing conditions.
This acquisition strengthens Hodder’s core forestry operations while also positioning the Company for continued growth and diversification across coastal marine transportation services and positions the Company to support evolving market opportunities across the West Coast.
The transaction includes the transfer of workforce, existing services, and associated assets such as coastal and river tugs, barges, and supporting maintenance facilities. In addition, Hodder will assume the use of certain tie-up locations leased from the Vancouver Fraser Port Authority in connection with these operations.
“This acquisition is a natural extension of Hodder’s long-standing role in supporting the forestry sector,” said Tony Fadyeyev, President & CEO of Hodder Tugboat Co. Ltd. “We are committed to maintaining continuity of service for customers while supporting the mariners and teams who have contributed to these operations over many years.”
Hodder has built its operations around coastal towing and forestry-related marine transportation, including the movement of logs, lumber, residuals, pulp, and paper products.
The Company will work closely with customers, employees, unions, and key stakeholders to support a smooth and structured transition, with a continued focus on safety, operational reliability, and service delivery.
About Hodder Tugboat Co. Ltd.
Hodder Tugboat Co. Ltd. traces its origins to the early 1900s and has operated under its current name since incorporation in 1961. The Company is a privately held marine towing operator based in Richmond, British Columbia.
Hodder primarily serves the forest industry, transporting logs, lumber, residuals, pulp, and paper products to and from coastal mills and export markets. In addition to its core forestry operations, Hodder provides marine transportation services across a range of industries, including short sea shipping, construction, aggregates, and general cargo.
The Company operates throughout the British Columbia coast and the Fraser River system, delivering safe, reliable, and efficient marine transportation services.
Tony Fadyeyev
President & CEO
Hodder Tugboat Co. Ltd.
