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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Northern Lights Opens Branch Office in Louisiana

Marine power generation and climate control products manufacturer Northern Lights has opened its fifth branch office, in Kenner, La, to enhance service to Gulf

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

LNG

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

GTT, Endel Team-up to Roll-out Membrane Containment Systems

21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.0932 sec (11 req/sec)