Svitzer to bet heavily on wreck removal

Svitzer, part of Maersk Group, has just approved its strategy for the next years. So far, wreck removal has been a relatively small unit in the global company. Now, the aim is to become a leader in that segment.

Photo: Rederiforeningen

Maersk Group's salvage- and tugboat company, Svitzer, is aiming to become one of the world's largest stakeholders within wreck removal. Svitzer, which is part of Maersk´s newly-established 5th business unit, has recently got the nod and OK from the Group to pursue its objectives.

In the business case Svitzer argues that several factors support a relatively rapid escalation of its wreck removal business:

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