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Svitzer invests USD 80 million in new ships

Svitzer's major contract with Chevron's Wheatstone LNG Terminal in Australia now makes the carrier invest in new eco-design vessels for around USD 80 million, the salvage company tells ShippingWatch.

Four new tugboats and one pilot boat form the basis of one of the biggest new contracts in a while when Svitzer Australia in December 2013 signed a deal to help facilitate the exports of the Chevron-controlled Wheatstone LNG Terminal in Western Australia.

And this requires investments worth around USD 80 million, Svitzer tells ShippingWatch.

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