Titan and Svitzer merge salvage interests
May 04, 2015
AP Moller-Maersk has completed its merger of its salvage division with a subsidiary of Crowley Maritime Corp from the US in shipping’s latest consolidation move. Svitzer is merging with with Titan Salvage under a new brand called Ardent.
Peter Pietka, the CEO of Svitzer, who assumes the same role iat Ardent, commented: “The company will become an industry leader in wreck removal and emergency response.
“Further, while remaining integral to our new company, emergency response and wreck removal will be part of a wider ecosystem of services.”
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