Svitzer forms joint venture in Malaysia

Svitzer forms joint venture in Malaysia

Athens: Salvage company Svitzer has established itself in Malaysia via a new joint venture (JV) with local company SVR Marine Services.

The Maersk Group company hopes the JV will enable it to better approach Malaysian customers and compete in tenders.

“Malaysian market boasts an advanced LNG industry and expanding port operations. Our objective is to supply the Malaysian market with a new standard of towage under the Malaysian flag – providing ports world-class towage,” Lise Demant, managing director for Svitzer Asia, said today.

The JV company will include agency services for harbour and terminal towage, Svitzer said.

“The entry of global player Svitzer in the Malaysia market marks the maturity and readiness of local marine-related industries including port operators and the oil & gas sector to opt for world-class towage solutions. With this joint venture, SVR Marine Services will be able to offer potential clients marine services backed by international experience and technology, whilst developing the local industry with our people-first approach”, added Abd Razak Ahmad Alkamal, managing director for SVR Marine Services (M).

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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