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Bhagwan snaps up Riverside in $130m fleet expansion

Deal adds 30 vessels, boosts east coast reach and cash flow

Rueben Hale
Bhagwan Marine’s fleet grows to more than 125 vessels following its $130m acquisition of Riverside Marine

Bhagwan Marine’s fleet grows to more than 125 vessels following its $130m acquisition of Riverside Marine | Credits: Bhagwan Marine/Riverside Marine

Bhagwan Marine has acquired Queensland-based Riverside Marine for $130m, adding 30 vessels to its fleet and consolidating its position in the offshore sector.  Bhagwan, founded by the Kannikoski family...

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