Demerger of Svitzer from Maersk confirmed

Today, at an Extraordinary General Meeting in Copenhagen, shareholders in A.P. Møller - Mærsk A/S have voted in favour of the proposal for a demerger of Svitzer from Maersk.

This confirms the separation of Svitzer to a new company that will be officially listed on Nasdaq Copenhagen with the anticipated first day of trading expected on Tuesday 30 April 2024.

As previously announced, the demerger will be completed by APMM injecting 100% of the shares of Svitzer A/S (Svitzer), including Svitzer's subsidiaries as well as certain other assets and liabilities related to APMM's towage and marine service activities, to a new company, Svitzer Group A/S (Svitzer Group), which will be established as part of the demerger.

Morten H. Engelstoft, Chairman of Svitzer's Board of Directors, said: "With the demerger from APMM and separate listing of Svitzer, an era of 45 years under APMM's ownership comes to an end. In this period, Svitzer has seen significant expansion and change, establishing itself as a global market leader that operates to the highest professional standards. Today is a landmark event in Svitzer's 190 years' history as the company returns to its former status as stand-alone company with the best possible outset for delivering value to customers, investors and other stakeholders."

Svitzer CEO, Kasper Friis Nilaus, said: "The separation from APMM and separate listing of Svitzer on Nasdaq Copenhagen provides a solid platform for us to continue executing on our strategy and building our position in the market in the years to come. We are excited and fully ready to become a stand-alone, listed company, offering investors the opportunity to invest in a leading global towage and marine services provider with a strong, steadily performing underlying business and continued growth ambitions."

Svitzer will continue to be headquartered in Copenhagen and operate under the same Svitzer name.

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.

Svitzer Publishes Q1 2024 Trading Statement

Copenhagen, 25 April 2024 - Today, Svitzer A/S (Svitzer) has published its trading statement for Q1 2024, showing a strong start to 2024. 

Q1 2024 highlights (Q1 2023 in brackets) 

  • Revenue: DKK 1,555 million (DKK 1,424 million) 
  • Revenue growth in constant exchange rates: 11% (12%) 
  • Adjusted EBITDA: DKK 479 million (DKK 420 million) 
  • Adjusted EBITDA margin: 30.8% (29.5%) 
  • Gross CAPEX: DKK 174 million (DKK 118 million) 
  • Free cash flow: DKK 196 million (DKK 215 million) 

Svitzer’s growth journey continued in the first quarter, where commencement of terminal towage contracts in Europe and Australia secured in the second half of 2023 contributed to revenue growth of 11% in constant exchange rate.  

In the first quarter of 2024, Svitzer was awarded a new contract to service an FSRU (Floating Storage Regasification Unit) in Santos, Brazil. In April 2024, Svitzer extended an existing agreement with Smit-Lamnalco to continue providing towage service delivery on behalf of Smit-Lamnalco in four ports in Australia for a four-year period until 31 August 2028. Under the extended agreement, Svitzer will continue to charter six vessels from Smit. 

CEO Kasper Friis Nilaus, said: “We are off to a good start of the year with a strong financial and operational performance. Our Q1 revenue growth of 11% in constant exchange rates was driven by a combination of increase in number of tug jobs, tariff increases in line with inflation, and the revenue effect of Terminal Towage contracts commenced in 2023.”  

“The expected listing of Svitzer on Nasdaq Copenhagen on 30 April will be a landmark event in our 190 years’ history and provides a solid foundation for executing on our strategy and continuing to build on our position as a leading global port and terminal infrastructure provider. Organisationally, financially, and operationally, we are ready for a future as a stand-alone listed company.”  

Full-year 2024 outlook 

The full-year 2024 outlook is maintained:  

  • Revenue: 3.5-5.0% growth (constant exchange rates) 
  • Adjusted EBITDA: DKK 1,700-1,800 million (excluding separation and listing costs related to the demerger from A.P. Moller – Maersk)  
  • Gross CAPEX: DKK 900-1,100 million 
Download Full Trading Statement

For further information, please contact:

Anders Crillesen
Head of Global Communications
E: [email protected]

Svitzer to Publish Q1 Trading Statement Ahead of Intended Listing

Copenhagen, 22 April 2024 – Svitzer A/S (Svitzer) announces that it will publish its Q1 trading statement on 25 April at around 8 am CEST ahead of the intended listing on Nasdaq Copenhagen. 

Svitzer has been part of A.P. Møller – Mærsk A/S (APMM) for almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024. 

According to Svitzer Group’s financial calendar for 2024, the interim report for the first six months of 2024 will be published on 14 August 2024 and the Q3 2024 trading statement on 13 November 2024.  

Further information about the demerger and listing of Svitzer Group is available on svitzer.com/investor, including: 

  • Svitzer A/S’ annual report for 2023 
  • Presentation from Svitzer A/S’ Capital Markets Day, held on 5 March 2024 
  • The prospectus published by Svitzer A/S on 22 March 2024 
  • An information brochure in Danish, which contains an introduction to Svitzer’s business, a Q&A, and a description of the demerger and the delivery of shares. 

For further information, please contact:

Anders Crillesen
Head of Global Communications
E: [email protected]

Svitzer Europe Welcomes Sara Kalle as Chief Commercial Officer

Copenhagen, 11 April 2024 – Svitzer Europe, a leading global towage provider, today announces the appointment of Sara Gerdner Kalle as its new Chief Commercial Officer, effective 1 April 2024. With a background spanning nearly 25 years in the logistics and supply chain industry, Sara brings a wealth of experience and strategic vision to her new role. 

With a strong passion for exceptional customer service and a belief in the power of digitalisation, Sara will lead the Commercial function for Svitzer Europe, focusing on nurturing long-term stakeholder relationships, spearheading commercial development, and driving growth initiatives. Sara will be pivotal in harnessing Svitzer’s commitment to digitalisation to help the business and its customers to move forwards to deliver safe, sustainable marine services. 

Prior to joining Svitzer Europe, Sara served as the head of the eCommerce Logistics team at Maersk APAC, where she led the development of innovative new solutions and navigated complex market landscapes. Her extensive experience includes leadership roles at Singapore Post, DB Schenker, and H&M, where she honed her expertise in fostering customer relationships and driving growth initiatives. 

"The opportunity to join Svitzer as the CCO for Europe was incredibly appealing due to the company's established reputation in maritime services, its commitment to safety and sustainability, and the chance to work with a diverse, talented team," says Gerdner Kalle. "The role presents a unique opportunity to be part of a dynamic and innovative maritime organisation, offering market leading solutions tailored to individual customer needs." 

"My experience in Singapore and Asia overall, in various fields within the supply chain both from the service provider-, customer-, and start-up perspective, has equipped me with a unique perspective on diverse markets and industry dynamics," Kalle adds. "I believe this will be invaluable in my role at Svitzer, where I look forward to driving growth and building resilient commercial relationships across Europe's varied markets." 

Sara is committed to enhancing client relationships and ensuring service excellence in the European market. She plans to continue Svitzer's tradition of delivering high-quality service by truly listening to customers’ needs and leveraging technology to enhance communication and efficiency. 

"I'm eager to foster a collaborative environment that not only meets our current objectives but also sets us up for future successes. It's vital to build a strong foundation that encourages innovation and continuous improvement, for Svitzer and for our customers," she concludes. 

“It has been key for us to find a new CCO who shares our passion for excellent customer service and brings all the right capabilities to continue building our position in the European market. Svitzer Europe warmly welcomes Sara Kalle to its leadership team and looks forward to the innovative solutions and strategic guidance she will bring to the company,” says Lise Demant, Managing Director at Svitzer.  

Svitzer Publishes Prospectus Related to Listing on Nasdaq Copenhagen

Copenhagen, 22 March 2024 - Today, Svitzer A/S (Svitzer) has published a prospectus forming the basis for admission to trading and official listing of the shares of Svitzer Group A/S (Svitzer Group) on Nasdaq Copenhagen, following the expected demerger of A.P. Møller - Mærsk A/S’ (APMM) towage and marine services activities. The demerger is subject to approval at APMM's Extraordinary General Meeting convened to be held on 26 April 2024.

The following information is available on www.svitzer.com/investor:

Anticipated timetable for principal events of the demerger and listing of Svitzer Group: 

Publication by APMM of the demerger plan and demerger statement as well as notice convening the Extraordinary General Meeting of APMM 22 March 2024 
Publication of the prospectus by Svitzer 22 March 2024 
Publication of trading statement for first quarter 2024 by Svitzer 25 April 2024 
Extraordinary General Meeting of APMM 26 April 2024 
Cut-off date (last day of trading in APMM shares including Svitzer and related towage and marine services activities) 29 April 2024 at 5.00 p.m. (CEST) 
First day of trading in the shares of Svitzer Group on Nasdaq Copenhagen 30 April 2024 
Record date (the time of specification of the APMM shareholders that are to receive shares in Svitzer Group in connection with the demerger) 1 May 2024 at 5.59 p.m. (CEST) 
Delivery of shares of Svitzer Group in Euronext Securities to receiving shareholders 2 May 2024 
Changes to the timetable may occur, which will then be published via Nasdaq Copenhagen. 

Retail investor event 

APMM will be hosting an information meeting for its retail shareholders, where Svitzer’s management will present the Svitzer business. The meeting will be held on 8 April 2024 from 4:30-6:00 p.m. CEST at Comwell Copenhagen Portside, Alexandriagade 1, 2150 Copenhagen. APMM shareholders can sign up via the shareholder portal on www.investor.maersk. Last day for sign up is 4 April 2024. 

About Svitzer
As a leading, global towage and marine services provider, Svitzer’s core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With more than 450 vessels, Svitzer’s services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on www.svitzer.com.

For further information, please contact:

Anders Crillesen
Head of Global Communications
E: [email protected]

Important Information

This announcement does not constitute a prospectus or an offering memorandum and nothing herein contains an offering of securities in Svitzer, Svitzer Group or APMM. This announcement is not intended for distribution or release, directly or indirectly, in or into any jurisdiction where publication, distribution or release would be unlawful.

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Svitzer, Svitzer Group or APMM nor shall it or any part of it nor the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto.

This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Svitzer Group have not been and will not be registered under the U.S. Securities Act of 1933, as amended.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should”, and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although each of Svitzer, Svitzer Group and APMM believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained herein speak only as at its date and are subject to change without notice.

Svitzer Strengthens Organisation Ahead of Intended Listing

Copenhagen, 4 March 2024 - Svitzer strengthens its financial organisation in preparation for the intended demerger and subsequent listing on Nasdaq Copenhagen, following A.P. Møller – Mærsk A/S’ (APMM) decision to initiate the separation of Svitzer.  

Christian Lintner has been appointed as Head of Treasury, effective 1 May 2024. He currently serves as the Head of International Treasury at Nets and has previously held a similar position at Torm. 

Furthermore, Svitzer has appointed Michael Nass Nielsen as Head of Investor Relations and Financial Planning & Analysis, commencing 1 June 2024. He currently holds the position of Head of Investor Relations at NKT and has previously worked for GN and SEB. 

Knud Winkler, CFO of Svitzer, stated, "We are pleased to welcome Christian and Michael to Svitzer. I am convinced that their experience and drive will further strengthen our value creation and future dialogue with investors and financial analysts as we continue to deliver on our strategy." 

Svitzer has been part of APMM for almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting expected to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024. 

Further details on the demerger and separate listing of Svitzer will be made available on www.maersk.com when the statutory demerger documents have been published, expectedly on 22 March 2024. 

A prospectus prepared by Svitzer is expected to be made publicly available prior to the extraordinary general meeting of APMM. 

Svitzer reports 2023 revenue growth of 6% and EBITDA margin of 29% ahead of intended listing 

Copenhagen, 26 February 2024 - Svitzer, a global leader within towage and marine services, today published its 2023 annual report, showing another year of solid financial performance. Total revenue grew 6% to DKK 5,786 million driven by among other things a record number of harbour towage tug jobs of more than 150,000 in total. Adjusted for foreign exchange impact, total revenue grew 9.5%.  

Operating profit (EBITDA) was up 4% to DKK 1,690 million, corresponding to an EBITDA margin of 29.2%.  

In the past five years, total revenue has on average grown by almost 6% annually with an average EBITDA margin of 30%. The development has been supported by a resilient underlying market showing consistent long-term growth driven by larger vessels and increase global trade, which leads to an increase in tug activity. 

Svitzer CEO, Kasper Nilaus, said: “2023 was yet another year of solid performance for Svitzer. We kept a steady course and delivered mission-critical, safe, and reliable towage and marine services to our 2,000 customers around the world. During the year, we secured a number of significant commercial contracts and started up operations on several key projects, reaffirming our global leadership position.”  

Svitzer expects to continue its stable growth journey in 2024 targeting revenue growth of 3.5-5.0% on constant exchange rates basis, and EBITDA of DKK 1,700-1,800 million, excluding transaction costs related to the demerger. 

Svitzer is committed to leading the green transition in the marine services industry, aiming for carbon-neutral operations by 2040. In 2023, the company made significant progress, achieving a 24% reduction in CO2 intensity compared to 2020. 

Svitzer, founded in 1833, has been part of A.P. Møller – Mærsk A/S (APMM) for the past almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting expected to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024. 

“As part of A.P. Møller – Mærsk A/S, we have grown to become a leader in the global towage and marine services industry. A separate listing gives us the opportunity to further strengthen our market position and the Svitzer brand, which we have carried for more than 190 years. Operating in a growing towage market, we have an attractive financial profile with solid margins and a predictable cash flow. We are organisationally, financially, and operationally ready for a future as a stand-alone listed company,” Kasper Nilaus said. 

Svitzer’s full 2023 annual report can be downloaded on www.svitzer.com/investor. 

Further details on the demerger and separate listing of Svitzer will be made available on www.maersk.com when the statutory demerger documents have been published, expectedly on 22 March 2024.  

A prospectus prepared by Svitzer is expected to be made publicly available in due time prior to the extraordinary general meeting of APMM. 

For further information, please contact:

Anders Crillesen
Head of Global Communications
E: [email protected]

A.P. Møller- Mærsk A/S (Maersk) initiates demerger and separate listing of its towage and marine service activities (Svitzer)

Copenhagen: In connection with the A.P. Møller - Mærsk A/S (Maersk) Q4 announcement today (8 February 2024) Maersk announced that it has decided to initiate a separation and public listing of its towage and marine services activities in Svitzer through a demerger.

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.

You can read more on the Maersk announcement here: https://investor.maersk.com/news-releases/news-release-details/initiates-demerger-and-separate-listing-its-towage-and-marine

Svitzer Takes Delivery Of ‘Svitzer Estelle’ From Uzmar

Successful delivery of new RAstar 3200W series tugboat by Uzmar Shipyards marked by ceremony ahead of vessel’s deployment in the Port of London

London, 19 December 2023 – Svitzer, a leading global towage provider and part of A.P Moller-Maersk, has announced the successful delivery of Svitzer Estelle, the second tug built as part of the company’s ongoing partnership with Uzmar Shipyards, a world-class tug builder, based in Turkey.

Svitzer Estelle represents another step in Svitzer’s ongoing European fleet modernisation and expansion programme. The newly built, Robert Allan Ltd. designed RAstar 3200W will be deployed by Svitzer on the River Thames and the River Medway, bolstering the company’s operations in the busy Port of London.

The first tug delivered by Uzmar Shipyards in May 2023, Svitzer Elizabeth, is currently in service in the Port of Liverpool. Svitzer’s partnership with Uzmar Shipyards began with the delivery of two tugs for the company’s fleet in Australia. Success over the years has enabled the two businesses to work together to support the safe, efficient, and sustainable delivery of marine towage services.

Svitzer Estelle has a bollard pull of 80 tonnes, and has an L.O.A. of 32 metres, with a beam of 13.2 metres and a depth of 5.5 metres. The RAstar 3200W series tug has a 199m3 fuel capacity and 40m3 freshwater capacity, with Escort Tug and Firefighting1 notation.

The vessel is powered by two Caterpillar 3516E main engines rated at 2525 bkW at 1,800 rpm, with IMO III certified aftertreatment, and has two Kongsberg US255 Z-drives with 2.8m FP propellers.

Speaking on the announcement, Cliff Chow, Svitzer’s London Port Manager, said: “The delivery of the Svitzer Estelle marks a pivotal moment in the continued modernisation of our UK fleet, and will enable us to continue to meet our customers’ demands as well as ensure safe, reliable, and efficient operations. The waters of the Thames and the Medway are dynamic and unique, so we need tugs that can meet and exceed their specific challenges. Just like Svitzer Elizabeth, we are confident that Svitzer Estelle will represent a significant advancement of our capabilities.”

“We’d like to thank the team at Uzmar Shipyards for their ongoing commitment to this partnership and for the completion of another successful project.”

Mr. A. Noyan Altuğ, CEO, Uzmar Shipyards, added: “Today marks not only the delivery of a new tug, but the continuation of our long-term partnership between Uzmar Shipyards and Svitzer. It builds on the success of our delivery of two tugs to Svitzer’s Australian fleet, as well as our ongoing work on Svitzer’s advanced TRAnsverse tug designs. We look forward to continuing our work with Svitzer to make the tugs of the future a reality.”

As Svitzer Estelle is UK-based, the vessel will be able to fall under Svitzer’s EcoTow net-zero carbon harbour towage solution. As part of EcoTow, Svitzer deploys sustainable marine biofuel across its UK fleet to reduce the carbon impact of towage for its customers.

Construction underway for new Newcastle Maritime Training Centre

Civil construction has started on a new training simulator building at Svitzer Australia’s Port of Newcastle tug base, which will deliver enhanced maritime training capabilities to the East Coast of NSW.

Svitzer, a global leader in maritime services, is investing in state-of-the-art Kongsberg Digital maritime simulators in support of crew training and other marine applications.

The start of construction signals the next major milestone toward delivering a training centre of excellence for the deployment of Svitzer’s innovative, new TRAnsverse tug vessels – forecast to enter service in Newcastle in 2025 (the second and third to be deployed in the world).

Svitzer Australia Chief Operating Officer, David Phillips, said the new simulator and training facilities were a demonstration of Svitzer’s ongoing investment into world-class towage and maritime infrastructure across Australia and commitment to upskilling and training Australian seafarers.  

”We are excited to see construction underway for a facility that will provide the latest and most advanced maritime training and technology for pilots, tug masters, and other vessels.

”As the country’s largest private employer of Australian seafarers, we recognise the important role we play in maritime skill development and using the next generation of technology to train and upskill the next generation of seafarer,” Mr Phillips said.

“There will be further opportunities to connect the simulator in Newcastle with other simulators around Australia and the world, pioneering Pilot/Master integrated training, as well as several other training and familiarisation needs. This includes applications such as emergency response training and for emerging industries such as offshore wind development and beyond.”

Local builders and contractors are being engaged to deliver the construction project in Newcastle, including for design, civil and electrical works.

Svitzer has also made its first staffing appointment for the facility with experienced Newcastle Master, Ben Holder, coming on-shore as Training Master for the facility.

Ben will act as a key leader in the introduction of the new TRAnsverse tug, including supporting familiarisation and training needs, and helping Svitzer maximise the capabilities of the Simulator and tug.

Svitzer will provide further information regarding the build completion and opening for the Simulator facility in coming months, and opportunities for shared training and familiarisation.

Svitzer Australia Welcomes New CCO

Svitzer Australia is pleased to announce the appointment of Veronica Jensen as its new Chief Commercial Officer (CCO) for the Australia/PNG region.

Ms Jensen brings deep commercial leadership experience across a range of industry sectors including industrial consumables, engineering solutions, the pharmaceutical industry and in shipping with more than 11 years’ previous experience with Maersk.

In welcoming Ms Jensen to the role, Svitzer Australia Managing Director Videlina Georgieva said:

“Veronica brings a strong external lens and passion for customers. With a focus on performance and an expertise in establishing the right commercial excellence, customer relationship and pricing strategies, we look forward to Veronica further strengthening the value proposition and positive impact Svitzer brings to our customers and stakeholders.

“We are fortunate to have someone of Veronica’s calibre to be joining and complementing our leadership team and I look forward to her experience supporting the success of our customers,” Ms Georgieva said.

Ms Jensen said: “I am excited to be returning to the maritime industry – a sector for which I have never lost my strong passion for. I am joining Svitzer at a time of great potential and change and looking forward to working closely with our customers on creating value and growth.”

Ms Jensen started in the role this month (March 2024) and is based out of Svitzer Australia’s Sydney head office.

Veronica Jensen: Chief Commercial Officer – Svitzer Australia

Kongsberg Digital Selected to Deliver World-Class Simulation Capability

Horten, Norway/ Sydney, Australia, 6 November 2023 – Global leader in sustainable marine services, Svitzer , has selected Kongsberg Digital to deliver state-of-the-art simulators in support of crew training at its Port of Newcastle base in Australia.

The contract with Kongsberg will help create a training centre of excellence for  the deployment of Svitzer’s innovative, new TRAnsverse tug vessels; entering service in Newcastle in early 2025.

The new simulator and training facilities reflect  Svitzer’s ongoing investment into world-class towage infrastructure across Australia, and commitment to upskilling future generations of Australian seafarer. The contract with Kongsberg comprises the delivery of a innovative training suite in Q2 2024. Notably, the delivery encompasses a full-mission 360° K-Sim Navigation simulator configured as a tug bridge, and a part-task 180° K-Sim Navigation ship’s bridge simulator. It also includes an advanced Instructor System with a CCTV system for monitoring and debriefing, comprehensive training of the Instructors, and a robust warranty for the entire system.

Designed for Svitzer’s Tug Master training on multiple vessels including the new TRAnsverse Tug, this state-of-the-art simulator suite will be installed at their operations facility in Newcastle. Not only will it serve the training needs of harbor pilots and tug masters from Newcastle port, but it will also cater to professionals worldwide.

David Phillips, Chief Operating Officer, Svitzer Australia, said:  “We are committed to investing in safe, reliable and efficient maritime solutions and to providing the latest and most advanced training and technology for pilots, tug masters and other maritime professionals.

“Kongsberg Digital met all our criteria in terms of quality, price, delivery time, support, and warranty. Their collaboration with AMC Launceston, which has modeled the Maersk/Robert Allan TRAnsverse Tug, brings added value and we are looking forward to working with them closely on this project and future opportunities.”

Peering into the future, there are further opportunities to connect the simulator in Newcastle with other Sims around Australia and the world, pioneering Pilot/Master integrated training across distant locations.

Are Føllesdal Tjønn, Managing Director of Maritime Simulation at Kongsberg Digital, expressed his enthusiasm: “Svitzer Australia represents a fresh partnership for Kongsberg Digital. Their drive to leverage integrated simulation training across extended distances showcases the potential for experts in diverse domains to collaboratively participate in a singular simulated exercise, enhancing realism and training efficacy.”

With these initiatives, the maritime sector is looking at a transformative phase in training and operations, setting higher standards for the industry globally.

ENDS

A Passion for Towage History in Port Kembla

Port Kembla Master Tim Ryan has the privilege of living next to someone that is a treasure-trove of Australian towage history knowledge. So, it was only fitting to provide his neighbour with a tour of a modern tug, the Svitzer Ruby recently.

68-year-old Richard Flanagan’s passion stems from a family history in the industry, with his father, John James Flanagan, a former Master of the original Kiama – based in Port Kembla.

Richard is a walking encyclopedia of tug history, tug facts and more – so Tim took the opportunity to invite him down to the PK tug pen, as well as present him with a gift on behalf of the port.

Ever the expert – Richard reviewed the book: Heroic, Forceful and Fearless – and was quickly able to add some colour to some of the stories contained within. He may even have ‘fact-checked’ a couple of the details in print. 

Richard enjoyed his tour of the Ruby and the modern technology throughout the tugs of today compared to some of the vessels of the past.

He brought along a picture of the original Kiama, painted by one of the Stannards workers at the time, along with his father’s original Certificate of Competency as a Master.

Richard’s dad started out as a deckhand with Fenwick’s Towage Co in Sydney after working on the Manly Ferries – before working his way up, getting his certification and becoming a Tug Master for Wallace Tugs in Port Kembla.

Read more about Richard’s father’s history in his own words below.

Bio – John James Flanagan

My father John started working in the towage industry about 1959 as a deckhand for Fenwick’s Towage Co in Sydney, after working as deckhand on the Manly Ferries.

At the time all tugs in Australia was steam powered triple expansion engines and at the time all Fenwick tug names started with “H” e.g. Himma or Hero.

At the time Fenwick tugs in Sydney were tied up at #10 Walsh Bay.

In 1960 the 1st diesel tug in Australia the Sydney Cove was delivered. All Fenwick tugs have a Cove suffix.

Dad in the 60s worked as a deckhand and also sometimes did maintenance to tugs at Mort’s Dock in Balmain. Dad earned his Harbours & Rivers Certificate to become a Tug Master.

One time while working at the Mort’s Dock during this period, the pilot ship the Captain Cook was being scrapped near by, as she had a very ornate Figure Head, Dad offered to save it but one of people who was doing the scrapping just cut it into small pieces.

Around 1967 Dad was given the job of Tugs Master in Port Kembla for Wallace Tugs which was a 50:50 split between Fenwicks & Waratah’s Tugs. At the time there was 3 tugs in Port Kembla, one from Fenwick’s & two from Waratah’s, later the third transferred from Sydney was the Wallace tug Kurnell.

In 1972 Dad was master of the tug Kiama tied up on the eastern side of #4 Jetty astern of the tug Iron Cove. So after a contractor had done maintenance in the engine room & when he finished he left engine in gear & the controllable pitch propeller in full forward so when the engineer started the engine Kiama lurched forward snapping lines & pushing Iron Cove onto the breakwater of small craft harbour. Dad being in offices mess said that he didn’t remember how he got up a vertical ladder & through a metre square hold to the wheelhouse.

Also about this time the 1st ship to require the use of 4 tugs, the Iron Somersby.

Dad worked as Master in Port Kembla till about 1986 on several tugs when he took ill, he died the next year.

Svitzer Fleet Expands Along Brazilian Coast

Delivery of fourth tug to fleet in Santos, Brazil’s largest port, in 2023 will increase ability for Svitzer to deliver high quality, sustainable marine services at ports on Brazil’s coast. 

Rio de Janeiro, 25 September 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has announced the continued expansion of its fleet in Brazil, as part of the ongoing growth of its operations in the country. Svitzer Monte KT is the fourth tug to join the fleet in the country since April and demonstrates Svitzer’s commitment to strategically strengthening its presence across Brazil’s coast to deliver sustainable marine services. 

Svitzer Monte KT is sister to three tugs already delivered to Svitzer in 2023, which have been deployed across the ports of Pécem, Paranagua and Santos on Brazil’s coast. The tug is one of six new Azimuth Stern Drive (ASD) tugs that will be put into operation by Svitzer in Brazil before the end of 2024. As a Ramparts 2300 series tug, Svitzer Monte KT has a top speed of 13 knots and a bollard pull of 70 tonnes. Designed by Robert Allan, the tug was built by the Brazilian Shipyard Rio Maguari.  

The new tug joins its sister tug Svitzer Atanásio in Santos, which was delivered earlier in 2023. Svitzer has a total of four tugs in Santos, Brazil’s largest port and Latin America’s busiest container hub.  

Arjen Van Dijk, Managing Director Americas, said: “The delivery of the Svitzer Monte KT at Santos shows Svitzer’s commitment to continued growth in Brazil. As we expand our port coverage and increase our ability to deliver sustainable services for customers, we also look forward to further growing our footprint in the country over the next few years. Brazil continues to be one of Svitzer’s main growth markets in the Americas region with two further vessels, equipped with FiFi 1 (firefighting) capabilities to be delivered to Svitzer in Brazil by the second quarter of 2024.” 

Commenting on the fleet expansion, Daniel Reedtz Cohen, Managing Director, Svitzer Brazil said: “We have a very clear strategy in the Brazilian market to strengthen our coverage and deliver safe and reliable services to our customers. With the addition of Svitzer Monte KT to our fleet, we continue to strengthen our ability to deliver high-quality support of global and local ship-operators in Brazil’s logistics ecosystem.” 

By the end of 2023, Svitzer will be operating 20 tugs, including the four vessels added to the fleet in 2023, from eight ports across Brazil – Salvador, Suape, Pecem, Santos, Vitoria, Rio Grande, Sao Francisco do Sul and Paranagua. As a leading global towage provider, Svitzer combines its wide reach and experience with in-depth regional and local knowledge to benefit its customers in Brazil and ensure they receive services of the highest standard. 

Svitzer Appoints Mattias Hellstrom As New Global Chief Commercial Officer

Former Svitzer Europe CCO joins company’s global C-suite

Copenhagen, 20 September 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has today announced the appointment of Mattias Hellstrom as its new Global Chief Commercial Officer (CCO), effective from 1 October.

Mattias makes the move to Svitzer’s global business after three years as CCO of Svitzer Europe, and replaces outgoing Global CCO Videlina Georgieva, who was recently appointed Managing Director of Svitzer Australia.

As CCO of Svitzer Europe, Mattias has played a key role in the organisation’s drive to become more customer centric, data driven and focused on quality service delivery.

He will transfer this experience into his new role as Global CCO, and as part of Svitzer’s leadership team continue developing and driving the company’s global commercial strategy.

Prior to his role as CCO of Svitzer Europe, Mattias was Managing Director of Svitzer Scandinavia for nearly seven years. Mattias has also held management roles at Mediterranean Shipping Company (MSC) and A.P. Moller – Maersk. In all, Mattias has more than 25 years of shipping industry experience to draw upon in the role as Global CCO.

Speaking on the appointment, Kasper Nilaus, CEO, Svitzer, said: “I am delighted to be able to appoint a strong internal candidate for the extremely important Global CCO position at Svitzer. With his first-hand experience from Svitzer Europe, Mattias brings a deep knowledge of our business and customers.

“Mattias’ sincere passion for our customers and focus on premium service delivery will be critical to ensuring our ongoing growth and strength in the market. I look very much forward to working more closely with Mattias and seeing him thrive in his new role.”

Mattias Hellstrom, Svitzer’s new Global CCO, added: “I am honoured to take up the position as Svitzer’s Global CCO at such an important time for our business. Building on the foundation laid by my predecessor, I will do my utmost to ensure that we continue to deliver a world-class service. I am excited to be able to work with colleagues from around the world to continue developing our ability to listen deeply to our customers, and use the knowledge gained to meet their current and future marine services needs.” Svitzer has already initiated the process of recruiting a replacement for Mattias Hellstrom in the role as Svitzer Europe CCO.

Svitzer Designing World’s First  
Methanol Hybrid Fuel Cell Tug 

Project with Robert Allan Ltd. enters second phase to design the vessel, which represents a key step in Svitzer’s mission to lead the decarbonisation of towage services worldwide.

COPENHAGEN, 17 AUGUST 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, is today announcing the launch of the second phase of its project to design the world’s first methanol hybrid fuel cell (MHFC) tug.  

Svitzer has conducted technical studies to establish the feasibility of this type of vessel accommodating the real-world operational requirements of a tug. Work will now begin between Svitzer and leading naval architect company, Robert Allan Ltd. to design the world’s first methanol hybrid fuel cell (MHFC) tug. The next phase will include work to complete the vessel design, scope considerations for vessel construction, and onboard equipment selection necessary to build the vessel.  

The MHFC tug will use an electrical propulsion system with methanol fuel cells and batteries delivering a self-sustained tug with longer endurance and fewer operational constraints than a purely battery-powered vessel. Secondary methanol fuelled generators will provide backup power if required without the need for a secondary fuel. Calculations indicate that the MHFC tug running on green methanol would prevent approximately 1,300 tonnes of CO2 annually from being emitted into the atmosphere, compared to fossil-fuel-based vessels of the same dimensions within Svitzer’s global fleet.  

The design of the MHFC tug will be a joint project between Svitzer and Robert Allan Ltd. using Svitzer’s TRAnsverse tug design as the platform. Svitzer will look to forge partnerships with other companies to finalise the selection of onboard equipment, such as the batteries and fuel cell system, and to support construction once the design phase is complete. 

Gareth Prowse, Head of Decarbonisation at Svitzer, said: “We’re excited to enter the next phase of delivering the world’s first methanol hybrid fuel cell tug. This project is a major milestone in Svitzer’s commitment to the decarbonisation of our global fleet and demonstrates our ability to harness new technologies and alternative fuels to deliver innovations that will have a significant, positive impact on shipping’s road to net zero.” 

“The combination of fuel cell technology and green methanol will result in improved operational efficiencies, resulting in less fuel consumption and lower emissions. We’re delighted to be collaborating with Robert Allan Ltd. to design the MHFC tug and look forward to bringing on new partners to construct the vessel which will operate at the Port of Gothenburg in Sweden.”  

Enters operations by 2025 
The MHFC is expected to enter operations in the second half of 2025 at the Port of Gothenburg in Sweden, where methanol is the low-carbon alternative fuel of choice. 

Göran Eriksson, Port of Gothenburg CEO, said: "The Port of Gothenburg has set ambitious targets to reduce shipping emissions within the port area by 70% by 2030. To deliver on that ambition, the transition of shipping lines from fossil fuels to more sustainable fuels such as green methanol is critically important. Svitzer's decision to design and construct the world's first methanol hybrid fuel cell tug is a major milestone which sets the example for the long-term decarbonisation of global towage services. We're excited to welcome this pioneering new vessel to the Port of Gothenburg when it enters into operation in 2025." 

Mathias Jonasson, Managing Director for Scandinavia & Germany at Svitzer, said: “Svitzer has been delivering safe and efficient towage services to customers in the Port of Gothenburg for decades. In addition to its ambitious emission reduction targets, the Port of Gothenburg has already gathered valuable experiences regarding the safe and convenient bunkering of methanol. The port’s experience and position as an emerging methanol bunker hub, combined with our long-standing collaboration and relationship, makes the Port of Gothenburg an obvious location for us to deploy the world’s first methanol hybrid fuel cell tug.” 

Jim Hyslop Director, Project Development Principle at Robert Allan Ltd., said: “Robert Allan Ltd. is excited to be working with Svitzer to develop the world’s first Methanol Hybrid Fuel Cell Tug. Based on the award-winning TRAnsverse design, the innovative propulsion system on this new tug will enable operation completely free of fossil fuels. This is a major step forward in the path to decarbonising the tug industry, and we are extremely proud to be at the forefront of developments in these new technologies.” 

NEW MANAGING DIRECTOR FOR SVITZER AUSTRALIA

Chief Commercial Officer Videlina Georgieva appointed new Managing Director – Australia to help drive regional growth and progress Svitzer’s decarbonisation agenda.

Copenhagen/Sydney, 9 August 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has today announced changes to its Global Leadership Team.

Chief Commercial Officer Videlina Georgieva has been promoted to Managing Director of Svitzer Australia, replacing outgoing MD Nicolaj Noes who will be leaving Svitzer to take on a new opportunity.

Videlina Georgieva brings a deep understanding of Svitzer’s business and operations, including within Australia, where she has been part of delivering significant commercial results throughout her 13 years with Svitzer, and most recently as the organisation’s Global Chief Commercial Officer. She has already begun a planned handover process with Nicolaj Noes and will commence her new role effective early September.

Svitzer CEO Kasper Friis Nilaus congratulated Videlina Georgieva on her appointment and said it was fantastic to be able to appoint internally for the role, reflecting the strong leadership talent within Svitzer: “Based in Sydney and with her long tenure and strong track record, Videlina is excellently placed to continue driving Svitzer’s strategic focus in Australia and Papua New Guinea. This includes continuing to unlock value for our customers, for instance through partnering with them on their decarbonisation agendas. We are also bringing innovative new assets and towage infrastructure such as our revolutionary new TRAnsverse tug to the region, which will help drive the future of towage in Australia.

“I am excited by Videlina’s appointment and confident that she will drive our Australian region to further success.”

Kasper Nilaus also expressed his thanks to Nicolaj Noes for his leadership of Svitzer Australia over the last five years and to the wider Maersk group over the last 30 years.

“Nicolaj has led Svitzer through significant change during his tenure and is held in high regard by colleagues, customers and stakeholders alike for his leadership. He leaves the business in a strong position and with a talented, experienced team in place across the region.”

Speaking on her appointment, Videlina Georgieva, Svitzer’s new Managing Director – Australia, commented: “I am delighted to be back with the team at Svitzer Australia and to be taking on this role in such an important market for our business. There is clear opportunity to create further value with and for our customers and communities in Australia and Papua New Guinea. We have an exciting platform to drive innovative, sustainable marine services and decarbonisation in partnership with our customers. The team here in Australia has the passion, experience and skills to achieve this, and I couldn’t be more thrilled to lead them at this time.”

Svitzer is in the process of recruiting a permanent successor to Videlina Georgieva’s role of CCO, to be announced in due course.

Svitzer Renews Contract with APM Terminals Bahrain for Two Line Boats

COPENHAGEN, 14 July 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has renewed its contract with APM Terminals Bahrain for the operation of two line boats that service vessels calling into Bahrain. The new contract runs until December 2027.

The two line boats serve coastal tankers and small vessels, including tugs and barges, providing connectivity and ensuring regional businesses continue to thrive.  

"The contract renewal signifies great cooperation between our companies and reinforces the strong relationship we have cultivated over the years. By continuing to join forces, we demonstrate our commitment to delivering excellent services and maintaining the highest standards of safety, efficiency and reliability," says Mohamed Taher Aguir, Managing Director – Bahrain & Liberia.

Svitzer is a leading towage provider in the AMEA (Africa, Middle East & Asia) region operating in 17 ports across 12 countries. Svitzer Bahrain operates in all commercial and industrial terminals in Bahrain with towage, line handling and personnel transfer. 

Svitzer Awarded Alexandroupolis LNG Terminal Contract With Gastrade

Project will draw on Svitzer’s extensive expertise in both terminal towage and servicing the global LNG market, assisting Gastrade in enhancing energy security for Greece and the region of South-Eastern Europe

Copenhagen, 13 July 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has signed a 15-year agreement to service Gastrade’s Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) LNG terminal, the first offshore LNG project in Greece. Svitzer will apply its global terminal towage expertise and experience to rapidly set up towage services and support for advanced LNG operations at the new import terminal. This includes supporting a Floating Storage Regasification Unit (FSRU) with a pipeline system connecting the floating unit to the Greek National Natural Gas Transmission System and onwards to final consumers in Greece and the Balkans.

Svitzer will provide four new ASD tugboats, fully manned by Greek crew, to assist the FSRU and the carriers delivering LNG. Svitzer tugboats will provide berthing, un-berthing, navigation assistance, and other terminal services including firefighting, pollution control, pilot and boarding party transfer. Svitzer will also provide support and station keeping services to the FSRU during initial installation.

The project marks Svitzer’s first entry into the Greek market and will see the company apply its knowledge and skills in the local environment. The deal will result in the creation of both onshore and offshore job opportunities based at the terminal in Alexandroupolis. While the Alexandroupolis LNG terminal is set to become operational in the beginning of 2024, Svitzer has already initiated the recruitment process to ensure staff undergo robust training in line with Svitzer’s operational and safety standards ahead of operations commencing. Training will include the use of advanced tug simulators replicating the actual environment around the Alexandroupolis LNG terminal.

Svitzer has more than 25 years of experience as a leading towage provider for customers in the global LNG market, with the Alexandroupolis INGS project further demonstrating Svitzer’s stronghold as expert service provider to the energy industry.

Commenting on the agreement, Lise Demant, Managing Director, Svitzer Europe, said: “We are delighted that Gastrade has chosen us as its trusted partner to deliver towage services for the Alexandroupolis INGS LNG terminal. The long-term agreement will allow Svitzer to grow within its core business, expand geographically and deliver safe and efficient marine services to a new customer. This includes providing a truly customised solution for Gastrade, with the delivery of four brand new tugs. We look forward to being part of the first offshore LNG project in Greece and to welcome new Greek colleagues to Svitzer, who will help deliver reliable and high-quality towage service to Gastrade and its customers.”  

Konstantinos Sifnaios, Managing Director at Gastrade, added: “High-quality towage and marine services will be critical to the success of the Alexandroupolis LNG Terminal project. We are convinced that Svitzer is the right partner to deliver this, thanks to its extensive track record in terminal towage, its agile fleet management, and solid experience from servicing many other LNG customers globally. We look forward to working together with Svitzer to build jobs in the local market and ensure energy security for the region and beyond.”

Svitzer and South Hook enter EcoTow agreement to reduce tug fleet emissions

Long-term contract agreed to fuel vessels with low-carbon hydrotreated vegetable oil (HVO), cutting CO2 emissions

LONDON, 6 JULY 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has today announced an EcoTow agreement to fuel a fleet of five tugs dedicated to the South Hook LNG Terminal in Milford Haven, with hydrotreated vegetable oil (HVO), a low-carbon fuel. The switch from fuelling tugs with marine gas oil (MGO) to HVO will reduce CO2 emissions, whilst maintaining a safe and reliable service for South Hook LNG and its customers.

The long-term deal, which requires no modifications to equipment or engines, will see a significant reduction in CO2 emissions from the five tugs servicing the LNG discharging at South Hook.

South Hook LNG Terminal is the first terminal at the Port of Milford Haven to switch its towage contract to low-carbon fuels, taking advantage of Svitzer's EcoTow solution.

Commenting on the long-term agreement with South Hook, Mattias Hellstrom, European Chief Commercial Officer, Svitzer Europe, said: "We are committed to providing sustainable marine services, and delighted to be working with a partner like South Hook LNG Terminal to deliver a more sustainable fleet of towage vessels in Milford Haven. We look forward to continuing working with South Hook to operate vessels that benefit the local port environment through reduced particulate emissions. Running these vessels on HVO also means Svitzer is able to continue cutting carbon emissions across its UK operations."

In 2022, the switch from MGO to HVO in Svitzer's UK fleet prevented more than 21,000 tonnes of CO2 from being emitted into the atmosphere. With the HVO conversion of the fleet dedicated to the service of South Hook LNG, there are only a few tugs left to be converted to complete the conversion of Svitzer's entire UK fleet to low-carbon fuels.

Five new tugs to be chartered to Port Hedland

Sydney, 19 June 2023: Svitzer, a leading global towage provider and part of A.P. Moller-Maersk, has signed an agreement for the delivery of five new RAstar 2800 tugs to service BHP’s Port Hedland (Western Australia) operations.

The new tugboats will be delivered from 1H 2024 and will operate on a long-term charter arrangement on a five-year term with a 5-year extension option, replacing older tugs as they are delivered into service.

The new tugs are a proven, high-specification tug that will enhance the capability of the existing fleet of 17 tugs at Port Hedland.  At an impressive 80T Bollard Pull and equipped with the Schottel SYDRIVE-M thrusters the tugs will deliver both power but also a reduced carbon emissions footprint as they are able to mobilise and demobilise on a single engine.  

Port Hedland is the largest iron ore loading port in the world and the largest bulk port (by tonnage throughput) in Australia.

“Svitzer is committed to delivering safe, reliable and efficient tugs meeting all operational criteria to service this very busy and complex towage operation in Port Hedland,” Managing Director Svitzer Australia, Nicolaj Noes said.

”We look forward to providing enhanced service quality to valued customers with the new tugs.”

The new Svitzer vessels offer greater fuel efficiency and will deliver CO2 emission savings over the charter term.

Svitzer also provides exclusive commercial representation on behalf of BHP to customers seeking to utilise BHP’s towage services in Port Hedland.

About the RAStar 2800

  • Bollard pull: 80 tonne
  • Class 1 Firefighting capability
  • Thrusters: Schottel SYDrive-M
  • Power: 4,700kw
  • Speed: 13 knots
  • Length: 28m

National Towage EA Update

Outcome of National Towage EA Ballot

Svitzer can advise its customers and stakeholders that a majority of colleagues have voted in favour of the 2023 National Towage Enterprise Agreement (63% Yes).

The proposed new Agreement will now be lodged with the Fair Work Commission for approval.

Svitzer would like to acknowledge and thank colleagues, customers and stakeholders for their patience and support during the bargaining period.

We would also like to acknowledge the Fair Work Commission for its assistance throughout negotiations.

National Towage EA Update

In-principle Agreement reached for new National Towage EA

Svitzer can advise its customers and stakeholders that it has reached an in-principle agreement with the three maritime unions for a proposed, new National Towage Enterprise Agreement and we are now preparing for a vote on that agreement.

Our focus right now is to inform our colleagues covered by the agreement and and the certainty and benefits it provides.

Svitzer has made a fair offer – and our hope is that this is reflected in a favourable vote.

The ballot opens on Thursday  8 June and closes on Saturday 10 June. Svitzer will advise of the outcomes of the vote as soon as it is available and appropriate to do so.

Please note that protected industrial action is not possible with an in-principle agreement in place and voting period to commence.

We remain committed to delivering safe, reliable and efficient harbour towage infrastructure and delivering the best possible service to our customers.

Svitzer thanks customers for its patience during this period.

We would also like to acknowledge the Fair Work Commission for its assistance during negotiations.

Europe

Regional Commercial Team
Sara Gerdner Kalle
Regional CCO
 
For operational matters, please find local contacts below
Local contact

Americas

Regional Commercial Team
Rutger Thulin
Regional CCO
 
For operational matters, please find local contacts below
Local contact

Australia

Regional Commercial Team
Veronica Jensen
Regional CCO
 
For operational matters, please find local contacts below
Local contact

AMEA

Regional Commercial Team
Ralph Franjul
Regional CCO
 
For operational matters, please find local contacts below
Local contact