Svitzer in joint venture with China's Qingdao Port

The Maersk Group's salvage and towage unit Svitzer has signed a joint venture agreement with Chinese Qingdao Port. The new joint venture will focus on towage activities in the port.

Svitzer and Qingdao Port International Co. have signed an agreement to form a joint venture in the major Chinese port.

The new joint venture, operating under the name Qingdao Port Svitzer Towage Ltd., will offer towage services in Qingdao, inform the two parties in a statement.

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