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OUR GLOBAL AGENDA 2015

AND BEYOND

Svitzer is pursuing a bold agenda of growth and long-term transformation of the towage business.

Svitzer is the only truly global operator in towage today. Most other operators are either local companies or a patchwork of different pan-regional joint ventures, unable to match Svitzer’s commitment of a global approach to safety and service standards. Nevertheless, we operate in a very fragmented industry with significant growth potential for Svitzer.

GROWTH STARTS WITH PERFORMANCE
All businesses depend on capital to grow. So to continue to attract investments for new tonnage it’s paramount that we deliver a strong financial performance. The first half of 2015 proved quite successful in this respect and we are well on the way to achieving our full-year target. That said, we are increasingly concerned about the longer term economic outlook of the global economy, which will likely also have somevery negative implications for our industry. Our customers are pushed hard to find savings in the supply chain. We need to acknowledge these challenges and work closely across our organisation ashore and on the tugs to find new ways to enhance our competitiveness.

SECURING GROWTH IN EXISTING AND NEW OPERATIONS
Over the last year, we have expanded our market share in many of our competitive ports. For example, in the ports of Brisbane, Sydney, Melbourne and Liverpool, we have secured support of liner customers previously using competitors. It’s a great token of appreciation from our clients. We continue to see opportunities to secure more contracts in these operations in the coming year. However, most of the growth in 2016 onwards will come from starting up new operations, not least in Americas,MEA and Asia. We have just entered Brazil, which is one of the world’s largest towage markets. We also have a great win record within light off-shore operations, such as the Papa New Guinea Oil Search terminal, where we operate two 120TBP tugs off shore.

AMBITION TO TRANSFORM
Change is a constant in today’s world. Svitzer’s ambition is to lead the way in the transformation of our industry. We are introducing new ways to help terminals increase productivity and ship owners reduce fuel consumption. With our global operating system, we can provide more accurate performance data to our customers, which has proven valuable when they plan and optimize their port operations.We are also embracing new tug designs and propulsion systems. We have set a new environmental standard with the ECOtug® that reduces fuel consumption by up to 10% and emission of NOX up to 80%, compared to traditional tugs. Our Gorgon tugs carry diesel electric engines with the ability to steam for an hour on battery power only. In 2016, we will launch the first Reverse
Stern Drive (RSD)® Compressed Natural Gas (CNG) tug, which is a vessel that combines high power, lower fuel costs and substantial reduction in emissions. We look forward to accelerating our pioneering initiatives in the future to better support our clients and cement our position as a true industry leader. 

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