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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

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