Carriers

Salvage company Ardent abandons previous goals for billion-dollar market

Salvage company Ardent has had high expectations for a billion-dollar market for decommissioning end-of-life oil platforms. But now the company has a new CEO, strategy and headquarters. Oliver Timofei, who has taken over leadership, talks about the background in an interview with ShippingWatch.
Salvage company Ardent is the result of a joint venture between Svitzer and Titan Salvage. Last year, a German investment fund bought the company together with members of Ardent's top management. | Photo: PR/Ardent
Salvage company Ardent is the result of a joint venture between Svitzer and Titan Salvage. Last year, a German investment fund bought the company together with members of Ardent's top management. | Photo: PR/Ardent
by SØREN PICO

Salvage company Ardent has changed course completely after the firm for years had ambitious plans for an expected billion-dollar market for end-of-life oil platforms.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs