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Conflict reveals deep mistrust in Svitzer's Argentinian joint venture

Trust between Maersk's towage company Svitzer and its Argentinian partner Meridian Maritime is low, mildly put. ShippingWatch has read the legal documents from a case showing that Meridian has felt cheated. Svitzer denies allegations.
Photo: PR / Maersk
Photo: PR / Maersk
by TOMAS KRISTIANSEN

Did Maersk’s towage operator Svitzer have a hidden agenda to pull value out of its joint venture in Argentina in order to dilute the assets of its partner, which Svitzer had plans to take over?

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