Crowley Acquires Salvage Company Titan Maritime

Wednesday, October 05, 2005
Crowley Maritime Corporation announced that it has acquired Titan Maritime LLC, a worldwide salvage company based in Fort Lauderdale, Fla. The newly acquired company will be known as - Titan, a Crowley company. Former owners, David Parrot and Dick Fairbanks, will remain as part of the management team with the new entity, as will all Titan employees. Crowley's Todd Busch will join Titan as vice president and relocate from Crowley's Long Beach office to Titan's Fort Lauderdale office. Busch has been with Crowley for 17 years, and has held management roles in ship assist and escort, contract and towing services, and emergency response. "The new company will take advantage of the experienced personnel, specialized equipment and proven track record at Titan, and the large tug and barge fleet, diversified business lines, and financial strength of Crowley, to grow the business," said Tom Crowley, Jr., chairman, president and CEO. Titan, which will be included in Crowley's Marine Services line of business, will remain headquartered in Ft. Lauderdale and will continue with salvage and wreck removal as its core business. Titan also has offices in Newhaven, UK, Singapore and Sao Paulo, Brazil and equipment depots in Batam, Indonesia and Dubai, UAE. Over the past 25 years, Titan has performed more than 200 salvage and wreck removal projects worldwide.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

LNG

Skangass Celebrates Topping Up

Nordic liquefied natural gas operator Skangass  has celebrated a topping out ceremony at its Pori LNG terminal. The company said it was making progress in the

H-Energy to Build Floating LNG Terminal in West Bengal and Canada

Business Standard reported that real estate developer Hiranandani Group plans to set up a INR 2,400 crore floating LNG import terminal off Haldia, West Bengal

VT Halter Powers Ahead

If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1661 sec (6 req/sec)