Titan and Svitzer join forces to create Ardent

Titan and Svitzer join forces to create Ardent

Copenhagen: 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 joining forces with Titan Salvage under a new brand called Ardent.

Peter Pietka, the chief executive of Svitzer, who remain in the post at 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.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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