The joint venture with SVR Marine will support Svitzer’s strategic objective of entering new markets and broadening its portfolio, according to Svitzer, the towage division of Denmark’s AP Moller-Maersk.
“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,” said Lise Demant, managing director for Svitzer Asia.
Abd Razak Ahmad Alkamal, managing director for SVR Marine, commented: “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.”
SVR Marine is established in 2014 to provide agency services for harbor and terminal towage using tugs and equipment.
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