Svitzer and Qingdao Port International Co have teamed up to operate and manage towage services in the Chinese port.
The formation of Qingdao Port Svitzer Towage is part of Svitzer’s global growth strategy in particular in Asia.
“Establishing Qingdao Port Svitzer Towage Ltd is part of Svitzer’s ambition to grow in Asia, and will be the first operation of its kind for Svitzer in China,” says Alan Bradley, Svitzer’s regional managing director of Asia.
“Combining the strengths of Qingdao Port and Svitzer is an important first step for further cooperation in China and abroad.”
Svitzer chief commercial officer, Kasper Friis Nilaus adds: “This joint venture supports our global growth strategy by delivering towage services with high standards in safety and operational reliability, as well as providing advanced towage solutions at Qingdao Port.
“With our increasing business development focus on the large and fast growing towage markets like Asia, it is clearly a step in the right direction towards our strategic objective of profitable growth.”
Svitzer recently unveiled a new regional structure with dedicated business development resources based in Singapore.
Last month it also created two focused regions covering the Middle East and Africa including the Indian Subcontinent and Sri Lanka, and Asia – covering Bangladesh in the West to Japan in the East and Russia in the North to Indonesia in the South.
