ShippingWatch

US deal looks like beginning of new Svitzer strategy

One focus point of Svitzer's new strategy, unveiled in the spring of 2014, was to turn salvage into a much bigger business area for the Maersk-owned company. A collaboration with the US heavyweight Titan seems to make good sense.

Photo: Gregorio Borgia/AP/POLFOTO

A collaboration with US-based Titan Salvage seems to make good sense for Svitzer, which as recently as the spring of this year announced a new strategy that featured wreck removal as a significant ambition for the Maersk-owned salvage and towage company.

Titan Salvage's track record, which includes around 500 salvage operations, some of which feature among the most spectacular jobs undertaken, such as raising and moving wrecked cruise ship Costa Concordia off the coast of Italy, means that Svitzer is allegedly discussing a close collaboration with an international heavyweight in salvage.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs