Svitzer has signed an memorandum of understanding (MoU) with Guangzhou Port Group that would create a towage and marine services joint venture at the world’s world’s fifth largest port.
If the joint venture is formed, the entity would provide towage with three tugs ranging from 5200HP to 6800HP, said Svitzer.
Alan Bradley, Svitzer’s regional managing director of Asia, said the joint venture would be “essential in Svitzer’s growth journey in Asia”. The port sees over 100 vessels calling every day.
“With our increasing business development focus on the large and fast-growing towage markets like Asia, it is clearly a step in the right direction towards our strategic objective of profitable growth,” added Kasper Friis Nilaus, Svitzer’s chief commercial officer.