Qingdao Port International Co., Ltd and Svitzer Asia last signed a joint venture agreement last week in an effort to pool resources for future growth, establishing Qingdao Port Svitzer Towage Ltd to operate and manage towage services in the port.
Qingdao Port International Co., Ltd is the main operator of Qingdao Port.
“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,” said Alan Bradley, 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.”
Chief Commercial Officer, Kasper Friis Nilaus added, “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.”