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Maersk initiates demerger and separate listing of Svitzer

by Kalpana Pandey
February 9, 2024
in News, Asia, Main Line Operators, Shipping
Reading Time: 1 min read
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Svitzer CEO Kasper Nilaus said: “We were established by Emil Z. Svitzer in 1833 to prevent the loss of life and capital at sea. We have built on that legacy over many years and are widely recognised within the maritime and shipping sector as a trusted partner.”

“The announcement today signals an exciting new chapter for Svitzer, one that ensures our commitment to delivering efficient, reliable and safe towage and marine services to our valued customers is as strong and dynamic as ever.”

Svitzer has been part of the Maersk Group of companies for more than 40 years. In 1979 Maersk became a majority shareholder of Svitzer and acquired it shortly after.

Tags: MaerskMarine servicesSvitzerTowage

Kalpana Pandey

The Maritime Gateway Editorial Team delivers trusted news, analysis, and insights on shipping, ports, logistics, supply chains, and global trade, backed by industry expertise and editorial review.

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