Copenhagen, Denmark: Global towage and marine solutions provider, Svitzer Group A/S (Svitzer), has acquired a 66.6% stake in leading Norwegian towage and marine service company, Buksér og Berging AS, subject to final regulatory approvals.
Svitzer’s investment represents a partnership opportunity for both companies, with a view to leverage extensive shared knowledge and experience of the global towage, offshore, adjacent maritime service and marine solution markets.
Buksér og Berging AS is a leading supplier of marine services within port and terminals, towage, offshore work and complex marine operations in Norway.
Svitzer is a leading, global towage and marine services provider with more than 450 vessels globally.
There is no integration activities related to the transaction for either company and Buksér og Berging will continue to operate as a standalone company under its own brand, management, values and strategy.
Buksér og Berging is a leading supplier of marine services within port and terminals, towage, offshore work and complex marine operations.
Quotes attributable to Buksér og Berging, CEO, Vetle J. Sverdrup:
“Our leadership in the Norwegian towage and marine contracting markets is built on our values, tradition and the extensive operational and technical knowledge of our capable teams and their drive to solve challenges for customers.
“The investment by Svitzer presents an opportunity to continue our legacy and deepen our capabilities with a strategic partner that is a highly regarded, global company with long-term ambitions for Buksér og Berging’s success.”
CEO of Buksér og Berging, Vetle J. Sverdrup, will continue in his role and maintain a 33.4% shareholding position and active ownership of the business.
Buksér og Berging has an advanced fleet of about 35 tugs, 25 pilot boats, three ambulance vessels and one service vessel for salmon farming (delousing vessel). It is headquartered in Oslo, Norway with branch offices in Stavanger and Fedje, outside Bergen.
Svitzer’s investment will underpin commitments by both companies to share expertise and excellence in maritime operations; innovation and capabilities in vessel design and operations; and together grow innovation and enhance standards and safety in the towage and marine services sector.
Quotes attributable to Svitzer CEO, Kasper Nilaus:
“Buksér og Berging, like Svitzer, has a proud heritage, and our investment is an exciting opportunity for us to join forces and share our respective expertise and leadership positions in the towage and maritime infrastructure markets.
I am confident together we will drive innovation and growth for both companies, further cement our decarbonisation credentials, and above all strengthen the value, safety and service offered to customers and their supply chains.”
Svitzer CEO, Kasper Nilaus
Media Contact: Bas Bolyn, Global Head of Communications, Svitzer. m: +45 31 48 27 90 and e:[email protected]
Svitzer signs global Ecotow agreement with Wallenius Wilhelmsen to drive decarbonisation
Copenhagen 14 March 2025:Svitzer has signed a global EcoTow agreement with the Wallenius Wilhelmsen group. The agreement marks a major step in Svitzer’s decarbonisation journey and supports Wallenius Wilhelmsen’s ambition to reduce Scope 3 emissions across Svitzer’s global operations.
The agreement covers tug jobs across key markets such as Australia, the UK, and Scandinavia. By applying the mass balance principle, Svitzer can use biofuels across its network and bank the resulting CO₂ savings in its emissions ledger. These are then allocated to Wallenius Wilhelmsen, allowing the company to reduce emissions related to towage.
“This collaboration demonstrates the importance of partnerships in our decarbonisation efforts. Working with a like-minded partner like Svitzer gives us a reliable path to reduce emissions beyond our direct operations,” says Ove Moring, Senior Manager Supplier Contracting & Equipment, Wallenius Wilhelmsen.
Sven Muchardt, Key Customer Manager at Svitzer, highlights the value of the agreement: “We are excited to partner with Wallenius Wilhelmsen on this initiative to help address the shared challenges of decarbonisation. This agreement strengthens our collaboration while supporting both companies’ strategic goals.”
The deal reflects a growing customer demand for voluntary emissions reduction schemes that go beyond regulatory requirements. It also illustrates how Svitzer’s differentiated approach can support customers in accelerating their climate strategies.
“We see EcoTow not only as a solution for today, but as a bridge to more transformative change,” adds Svitzer’s Head of Decarbonisation, Gareth Prowse. “These agreements show that our customers are ready to act now, not later.”
Svitzer Invests in Three New Tugboats in Brazil to Support Growth
Rio de Janeiro, Brazil – 01 July 2024 – Svitzer, a leading global towage provider, has announced the signing of a contract with Shipyard Rio Maguari for the construction of three new tugboats. This significant investment underlines Svitzer's continuous commitment to expanding its presence in Brazil, catering to both new and existing customers.
Brazil plays an essential role in the global economy, particularly in the trade of grains, oil and metals. The nation's vast agricultural output makes it a critical supplier of grains, ensuring food security for countries reliant on imports. Additionally, Brazil's significant oil production and refining capacity contribute to global energy security. Its abundant metal reserves are essential for industrial development and manufacturing worldwide. These exports collectively foster economic growth and development within Brazil, further solidifying its position as a key player in international trade. As enablers of trade, Svitzer is committed to supporting this growth by investing in additional tugboats for its Brazilian fleet
The three vessels currently under construction are part of the 2300 Rampart Series and boast a top speed of 13 knots, an overall length of 23.2 meters and a bollard pull of >70 tonnes. The vessels will be equipped with Fifi-1 firefighting capabilities. These advanced features will enhance Svitzer's ability to support the growing capacity of various Brazilian ports, ensuring safe, reliable and efficient customer services.
Arjen van Dijk, Managing Director for Svitzer Americas, emphasised the strategic importance of this investment: “Svitzer's new build program in Brazil is a testament to our continuous commitment to meet the evolving needs of our customers in this important market. These tugboats are designed to handle the increasing complexity and volume of Brazil’s maritime operations and will enhance our operational capacity across various Brazilian ports. It not only strengthens our service offerings but also aligns with our broader goal of supporting Brazil's economic growth and infrastructure development.”
Daniel Reedtz Cohen, Managing Director of Svitzer Brazil, highlighted the continuous growth opportunities in the region: “Brazil’s economy has seen significant growth in the green energy and agricultural export sectors and has a key position in the global energy and food supply. Furthermore, the country’s growing export market for commodities, such as metals and oil, demonstrates its economic potential. With the number of ports increasing, and new terminals under construction, the expansion of our fleet with these tugboats reflects our dedication to supporting the evolving needs of Brazilian ports. We see continuous growth opportunities in the country, and this investment positions us to continue meeting new demands effectively."
The construction of these new tugboats by Shipyard Rio Maguari – a reputable shipbuilder based in Belém, Brazil – further cements Svitzer's commitment to leveraging local expertise and resources. Svitzer is proud to be supporting the Brazilian shipbuilding industry and the jobs that this generates. This collaboration ensures that the new vessels will be built to the highest standards, ready to cope with the challenges of Brazil's dynamic maritime industry.
Atlantic Towing Limited and Svitzer Modernise Halifax Port Fleet with New Escort Tugboats
Halifax, NS – 18 June 2024– Atlantic Towing Limited, a member of the J.D. Irving, Limited family of companies and Svitzer have made a significant joint investment in the modernisation of the Port of Halifax fleet by acquiring two new escort tugboats from the Rastar 3200 series, each boasting an 85-ton bollard pull.
The Port of Halifax has seen substantial growth over the past decade, with a marked increase in both the number of tug jobs and the size of vessels. The new tugboats were specifically selected to accommodate the expanded volume and ensure Atlantic Towing maintains its role as the premier operator at the port.
Currently, three tugs are permanently stationed in Halifax, supplemented by two on-call vessels. The new Rastar 3200 vessels will replace the on-call tugs, offering a more robust and permanent solution.
Atlantic Towing, based in Saint John, New Brunswick, Canada, has been serving the Port of Halifax for nearly 20 years and has partnered with Svitzer, headquartered in Copenhagen, Denmark, since 2010. The two new tugboats are currently under construction at the Uzmar Shipyard and are expected to be operational later this year.
Sheldon Lace, General Manager, Atlantic Towing Limited, said: “We’re excited to welcome new escort tugboats to our fleet. The investment reflects our dedication to supporting our partners and customers amid the exceptional growth in the Port of Halifax.”
Highlighting the operational benefits, Captain Adam Parsons, Harbour Master, Halifax Port Authority, said: “These new tugs are built to handle larger container ships, which are increasingly calling at Halifax, the only Eastern Canadian port capable of accommodating them. The enhanced escort capabilities in various weather conditions will boost efficiency and safety at the port.”
Arjen Van Dijk, Managing Director Svitzer Americas, said: "Through a collaborative effort, Svitzer's newbuild team, along with operations and procurement departments in Copenhagen and Panama, worked closely with Atlantic Towing to identify the best technical and operational solutions. These 85-ton escort tugs from the Rastar 3200 series exemplify our commitment to co-creating effective solutions with partners.”
Svitzer Completes Tug Series Delivery in Brazil
Rio de Janeiro, 08 May 2024 – Svitzer, a leading global towage provider, has today announced the successful delivery of Svitzer Babitonga, the final tug in a series of six vessels from the 2300 Rampart Series. The delivery strengthens its fleet serving Brazil's dynamic maritime industry. The completion of this milestone project underscores Svitzer's commitment to delivering safe and sustainable towage services along Brazil's coastline.
Named after Babitonga Bay in Sao Francisco, where Svitzer commenced its Brazilian operations in 2015, Svitzer Babitonga carries a special significance for the company. Built by Brazilian shipyard Rio Maguari, Svitzer Babitonga is an Azimuth Stern Drive (ASD) tugabot from the 2300 Rampart Series. These sister vessels boast a top speed of 13 knots, an overall length of 23.2 meters, and a bollard pull of 70 tonnes. Svitzer Babitonga is also equipped with Fifi-1 firefighting capabilities.
"This tug series is purpose-built to support vital local operations, where it will play a crucial role in assisting with harbour towage along the Brazilian coast and in supporting LNG operations," said Arjen Van Dijk, Managing Director for Svitzer Americas. "I want to thank Rio Maguari for delivering a series of high quality and reliable vessels, and all our colleagues, onshore and onboard the vessels for delivering a reliable service to our customers every day and for contributing to jointly growing our portfolio in Brazil."
The tugs' Fifi-1 capabilities ensure they are well-equipped for supporting Floating Storage and Regasification Unit (FSRU) operatoins, reinforcing Svitzer's role in safeguarding the Brazilian coast as the country's energy landscape evolves.
"The delivery of the Svitzer Babitonga marks an important milestone in concluding the program of six newbuilds as a way to support our continuous growth journey in Brazil," said Daniel Reedtz Cohen, Managing Director Svitzer Brazil. "With the delivery of these tugs, Svitzer concludes a comprehensive tugboat program aimed at supporting port infrastructure and towage in the region."
Svitzer currently operates 22 tugs, including these two vessels added to the fleet in 2024, from eight ports across Brazil – Salvador, Suape, Pecem, Santos, Vitoria, Rio Grande, Sao Francisco do Sul, and Paranagua.
As a leading global towage provider, Svitzer combines its wide reach and experience with in-depth regional and local knowledge to benefit its customers in Brazil and ensure they receive services of the highest standard. The delivery of the Svitzer Babitonga reaffirms Svitzer's dedication to delivering reliable, sustainable, and safe marine services in Brazil and beyond.
Svitzer is Officially Listed and Traded on Nasdaq Copenhagen
Today, at 9am Copenhagen time, Svitzer (Nasdaq Copenhagen: SVITZR) was admitted to trading and officially listed on Nasdaq Copenhagen.
The demerger from Maersk and listing on Nasdaq Copenhagen reflects a natural next chapter for Svitzer, which has established itself as a globally recognised leader in the towage and marine services sector after 45 years as part of A.P. Moller-Maersk.
Commenting on the listing, CEO Kasper Friis Nilaus, said:
"Every 3-4 minutes, somewhere in the world a ship relies on Svitzer for safe and reliable towage – be it in a busy harbour port, or essential terminal operation. We know our strength is based on the support of our valued customers and the expertise and professionalism of our people, and this moment is a testament to their contribution in our company's strength today."
Mr. Nilaus continued, "We are excited about this next chapter and significantly the value we can offer our customers, investors and other stakeholders as a stand-alone company. In particular, the innovation and excellence we can drive in the sector, helping customers in meeting government and regulatory decarbonisation obligations, whilst maintaining safe and reliable shipping and port operations."
Demerger of Svitzer from Maersk confirmed
Today, at an Extraordinary General Meeting in Copenhagen, shareholders in A.P. Møller - Mærsk A/S have voted in favour of the proposal for a demerger of Svitzer from Maersk.
This confirms the separation of Svitzer to a new company that will be officially listed on Nasdaq Copenhagen with the anticipated first day of trading expected on Tuesday 30 April 2024.
As previously announced, the demerger will be completed by APMM injecting 100% of the shares of Svitzer A/S (Svitzer), including Svitzer's subsidiaries as well as certain other assets and liabilities related to APMM's towage and marine service activities, to a new company, Svitzer Group A/S (Svitzer Group), which will be established as part of the demerger.
Morten H. Engelstoft, Chairman of Svitzer's Board of Directors, said: "With the demerger from APMM and separate listing of Svitzer, an era of 45 years under APMM's ownership comes to an end. In this period, Svitzer has seen significant expansion and change, establishing itself as a global market leader that operates to the highest professional standards. Today is a landmark event in Svitzer's 190 years' history as the company returns to its former status as stand-alone company with the best possible outset for delivering value to customers, investors and other stakeholders."
Svitzer CEO, Kasper Friis Nilaus, said: "The separation from APMM and separate listing of Svitzer on Nasdaq Copenhagen provides a solid platform for us to continue executing on our strategy and building our position in the market in the years to come. We are excited and fully ready to become a stand-alone, listed company, offering investors the opportunity to invest in a leading global towage and marine services provider with a strong, steadily performing underlying business and continued growth ambitions."
Svitzer will continue to be headquartered in Copenhagen and operate under the same Svitzer name.
Svitzer has been part of the Maersk Group of companies for more than 40 years. In 1979, Maersk became a majority shareholder of Svitzer and acquired it shortly after.
Svitzer Publishes Q1 2024 Trading Statement
Copenhagen, 25 April 2024 - Today, Svitzer A/S (Svitzer) has published its trading statement for Q1 2024, showing a strong start to 2024.
Q1 2024 highlights (Q1 2023 in brackets)
Revenue: DKK 1,555 million (DKK 1,424 million)
Revenue growth in constant exchange rates: 11% (12%)
Adjusted EBITDA: DKK 479 million (DKK 420 million)
Adjusted EBITDA margin: 30.8% (29.5%)
Gross CAPEX: DKK 174 million (DKK 118 million)
Free cash flow: DKK 196 million (DKK 215 million)
Svitzer’s growth journey continued in the first quarter, where commencement of terminal towage contracts in Europe and Australia secured in the second half of 2023 contributed to revenue growth of 11% in constant exchange rate.
In the first quarter of 2024, Svitzer was awarded a new contract to service an FSRU (Floating Storage Regasification Unit) in Santos, Brazil. In April 2024, Svitzer extended an existing agreement with Smit-Lamnalco to continue providing towage service delivery on behalf of Smit-Lamnalco in four ports in Australia for a four-year period until 31 August 2028. Under the extended agreement, Svitzer will continue to charter six vessels from Smit.
CEO Kasper Friis Nilaus, said: “We are off to a good start of the year with a strong financial and operational performance. Our Q1 revenue growth of 11% in constant exchange rates was driven by a combination of increase in number of tug jobs, tariff increases in line with inflation, and the revenue effect of Terminal Towage contracts commenced in 2023.”
“The expected listing of Svitzer on Nasdaq Copenhagen on 30 April will be a landmark event in our 190 years’ history and provides a solid foundation for executing on our strategy and continuing to build on our position as a leading global port and terminal infrastructure provider. Organisationally, financially, and operationally, we are ready for a future as a stand-alone listed company.”
Svitzer to Publish Q1 Trading Statement Ahead of Intended Listing
Copenhagen, 22 April 2024 –Svitzer A/S (Svitzer) announces that it will publish its Q1 trading statement on 25 April at around 8 am CEST ahead of the intended listing on Nasdaq Copenhagen.
Svitzer has been part of A.P. Møller – Mærsk A/S (APMM) for almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024.
According to Svitzer Group’s financial calendar for 2024, the interim report for the first six months of 2024 will be published on 14 August 2024 and the Q3 2024 trading statement on 13 November 2024.
Further information about the demerger and listing of Svitzer Group is available on svitzer.com/investor, including:
Svitzer A/S’ annual report for 2023
Presentation from Svitzer A/S’ Capital Markets Day, held on 5 March 2024
The prospectus published by Svitzer A/S on 22 March 2024
An information brochure in Danish, which contains an introduction to Svitzer’s business, a Q&A, and a description of the demerger and the delivery of shares.
Svitzer Europe Welcomes Sara Kalle as Chief Commercial Officer
Copenhagen, 11 April 2024 – Svitzer Europe, a leading global towage provider, today announces the appointment of Sara Gerdner Kalle as its new Chief Commercial Officer, effective 1 April 2024. With a background spanning nearly 25 years in the logistics and supply chain industry, Sara brings a wealth of experience and strategic vision to her new role.
With a strong passion for exceptional customer service and a belief in the power of digitalisation, Sara will lead the Commercial function for Svitzer Europe, focusing on nurturing long-term stakeholder relationships, spearheading commercial development, and driving growth initiatives. Sara will be pivotal in harnessing Svitzer’s commitment to digitalisation to help the business and its customers to move forwards to deliver safe, sustainable marine services.
Prior to joining Svitzer Europe, Sara served as the head of the eCommerce Logistics team at Maersk APAC, where she led the development of innovative new solutions and navigated complex market landscapes. Her extensive experience includes leadership roles at Singapore Post, DB Schenker, and H&M, where she honed her expertise in fostering customer relationships and driving growth initiatives.
"The opportunity to join Svitzer as the CCO for Europe was incredibly appealing due to the company's established reputation in maritime services, its commitment to safety and sustainability, and the chance to work with a diverse, talented team," says Gerdner Kalle. "The role presents a unique opportunity to be part of a dynamic and innovative maritime organisation, offering market leading solutions tailored to individual customer needs."
"My experience in Singapore and Asia overall, in various fields within the supply chain both from the service provider-, customer-, and start-up perspective, has equipped me with a unique perspective on diverse markets and industry dynamics," Kalle adds. "I believe this will be invaluable in my role at Svitzer, where I look forward to driving growth and building resilient commercial relationships across Europe's varied markets."
Sara is committed to enhancing client relationships and ensuring service excellence in the European market. She plans to continue Svitzer's tradition of delivering high-quality service by truly listening to customers’ needs and leveraging technology to enhance communication and efficiency.
"I'm eager to foster a collaborative environment that not only meets our current objectives but also sets us up for future successes. It's vital to build a strong foundation that encourages innovation and continuous improvement, for Svitzer and for our customers," she concludes.
“It has been key for us to find a new CCO who shares our passion for excellent customer service and brings all the right capabilities to continue building our position in the European market. Svitzer Europe warmly welcomes Sara Kalle to its leadership team and looks forward to the innovative solutions and strategic guidance she will bring to the company,” says Lise Demant, Managing Director at Svitzer.
Svitzer Publishes Prospectus Related to Listing on Nasdaq Copenhagen
Copenhagen, 22 March 2024 - Today, Svitzer A/S (Svitzer) has published a prospectus forming the basis for admission to trading and official listing of the shares of Svitzer Group A/S (Svitzer Group) on Nasdaq Copenhagen, following the expected demerger of A.P. Møller - Mærsk A/S’ (APMM) towage and marine services activities. The demerger is subject to approval at APMM's Extraordinary General Meeting convened to be held on 26 April 2024.
Anticipated timetable for principal events of the demerger and listing of Svitzer Group:
Publication by APMM of the demerger plan and demerger statement as well as notice convening the Extraordinary General Meeting of APMM
22 March 2024
Publication of the prospectus by Svitzer
22 March 2024
Publication of trading statement for first quarter 2024 by Svitzer
25 April 2024
Extraordinary General Meeting of APMM
26 April 2024
Cut-off date (last day of trading in APMM shares including Svitzer and related towage and marine services activities)
29 April 2024 at 5.00 p.m. (CEST)
First day of trading in the shares of Svitzer Group on Nasdaq Copenhagen
30 April 2024
Record date (the time of specification of the APMM shareholders that are to receive shares in Svitzer Group in connection with the demerger)
1 May 2024 at 5.59 p.m. (CEST)
Delivery of shares of Svitzer Group in Euronext Securities to receiving shareholders
2 May 2024
Changes to the timetable may occur, which will then be published via Nasdaq Copenhagen.
Retail investor event
APMM will be hosting an information meeting for its retail shareholders, where Svitzer’s management will present the Svitzer business. The meeting will be held on 8 April 2024 from 4:30-6:00 p.m. CEST at Comwell Copenhagen Portside, Alexandriagade 1, 2150 Copenhagen. APMM shareholders can sign up via the shareholder portal on www.investor.maersk. Last day for sign up is 4 April 2024.
About Svitzer As a leading, global towage and marine services provider, Svitzer’s core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With more than 450 vessels, Svitzer’s services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on www.svitzer.com.
This announcement does not constitute a prospectus or an offering memorandum and nothing herein contains an offering of securities in Svitzer, Svitzer Group or APMM. This announcement is not intended for distribution or release, directly or indirectly, in or into any jurisdiction where publication, distribution or release would be unlawful.
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Svitzer, Svitzer Group or APMM nor shall it or any part of it nor the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto.
This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Svitzer Group have not been and will not be registered under the U.S. Securities Act of 1933, as amended.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should”, and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although each of Svitzer, Svitzer Group and APMM believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained herein speak only as at its date and are subject to change without notice.
Svitzer Strengthens Organisation Ahead of Intended Listing
Copenhagen, 4 March 2024 - Svitzer strengthens its financial organisation in preparation for the intended demerger and subsequent listing on Nasdaq Copenhagen, following A.P. Møller – Mærsk A/S’ (APMM) decision to initiate the separation of Svitzer.
Christian Lintner has been appointed as Head of Treasury, effective 1 May 2024. He currently serves as the Head of International Treasury at Nets and has previously held a similar position at Torm.
Furthermore, Svitzer has appointed Michael Nass Nielsen as Head of Investor Relations and Financial Planning & Analysis, commencing 1 June 2024. He currently holds the position of Head of Investor Relations at NKT and has previously worked for GN and SEB.
Knud Winkler, CFO of Svitzer, stated, "We are pleased to welcome Christian and Michael to Svitzer. I am convinced that their experience and drive will further strengthen our value creation and future dialogue with investors and financial analysts as we continue to deliver on our strategy."
Svitzer has been part of APMM for almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting expected to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024.
Further details on the demerger and separate listing of Svitzer will be made available on www.maersk.com when the statutory demerger documents have been published, expectedly on 22 March 2024.
A prospectus prepared by Svitzer is expected to be made publicly available prior to the extraordinary general meeting of APMM.
Svitzer reports 2023 revenue growth of 6% and EBITDA margin of 29% ahead of intended listing
Copenhagen, 26 February 2024 - Svitzer, a global leader within towage and marine services, today published its 2023 annual report, showing another year of solid financial performance. Total revenue grew 6% to DKK 5,786 million driven by among other things a record number of harbour towage tug jobs of more than 150,000 in total. Adjusted for foreign exchange impact, total revenue grew 9.5%.
Operating profit (EBITDA) was up 4% to DKK 1,690 million, corresponding to an EBITDA margin of 29.2%.
In the past five years, total revenue has on average grown by almost 6% annually with an average EBITDA margin of 30%. The development has been supported by a resilient underlying market showing consistent long-term growth driven by larger vessels and increase global trade, which leads to an increase in tug activity.
Svitzer CEO, Kasper Nilaus, said: “2023 was yet another year of solid performance for Svitzer. We kept a steady course and delivered mission-critical, safe, and reliable towage and marine services to our 2,000 customers around the world. During the year, we secured a number of significant commercial contracts and started up operations on several key projects, reaffirming our global leadership position.”
Svitzer expects to continue its stable growth journey in 2024 targeting revenue growth of 3.5-5.0% on constant exchange rates basis, and EBITDA of DKK 1,700-1,800 million, excluding transaction costs related to the demerger.
Svitzer is committed to leading the green transition in the marine services industry, aiming for carbon-neutral operations by 2040. In 2023, the company made significant progress, achieving a 24% reduction in CO2 intensity compared to 2020.
Svitzer, founded in 1833, has been part of A.P. Møller – Mærsk A/S (APMM) for the past almost 45 years. On 8 February 2024, APMM announced its decision to initiate a separation of Svitzer through a demerger, subject to approval at an APMM extraordinary general meeting expected to be held on 26 April 2024, with a subsequent listing of the new parent company, Svitzer Group A/S, on Nasdaq Copenhagen and an anticipated first day of trading on 30 April 2024.
“As part of A.P. Møller – Mærsk A/S, we have grown to become a leader in the global towage and marine services industry. A separate listinggives us the opportunity to further strengthen our market position and the Svitzer brand, which we have carried for more than 190 years. Operating in a growing towage market, we have an attractive financial profile with solid margins and a predictable cash flow. We are organisationally, financially, and operationally ready for a future as a stand-alone listed company,” Kasper Nilaus said.
Further details on the demerger and separate listing of Svitzer will be made available on www.maersk.com when the statutory demerger documents have been published, expectedly on 22 March 2024.
A prospectus prepared by Svitzer is expected to be made publicly available in due time prior to the extraordinary general meeting of APMM.
A.P. Møller- Mærsk A/S (Maersk) initiates demerger and separate listing of its towage and marine service activities (Svitzer)
Copenhagen: In connection with the A.P. Møller - Mærsk A/S (Maersk) Q4 announcement today (8 February 2024) Maersk announced that it has decided to initiate a separation and public listing of its towage and marine services activities in Svitzer through a demerger.
Svitzer CEO Kasper Nilaus said: “We were established by Emil Z. Svitzer in 1833 to prevent the loss of life and capital at sea. We have built on that legacy over many years and are widely recognised within the maritime and shipping sector as a trusted partner.”
“The announcement today signals an exciting new chapter for Svitzer, one that ensures our commitment to delivering efficient, reliable and safe towage and marine services to our valued customers is as strong and dynamic as ever.”
Svitzer has been part of the Maersk Group of companies for more than 40 years.
In 1979 Maersk became a majority shareholder of Svitzer and acquired it shortly after.
Svitzer Takes Delivery Of ‘Svitzer Estelle’ From Uzmar
Successful delivery of new RAstar 3200W series tugboat by Uzmar Shipyards marked by ceremony ahead of vessel’s deployment in the Port of London
London, 19 December 2023 – Svitzer, a leading global towage provider and part of A.P Moller-Maersk, has announced the successful delivery of Svitzer Estelle, the second tug built as part of the company’s ongoing partnership with Uzmar Shipyards, a world-class tug builder, based in Turkey.
Svitzer Estelle represents another step in Svitzer’s ongoing European fleet modernisation and expansion programme. The newly built, Robert Allan Ltd. designed RAstar 3200W will be deployed by Svitzer on the River Thames and the River Medway, bolstering the company’s operations in the busy Port of London.
The first tug delivered by Uzmar Shipyards in May 2023, Svitzer Elizabeth, is currently in service in the Port of Liverpool. Svitzer’s partnership with Uzmar Shipyards began with the delivery of two tugs for the company’s fleet in Australia. Success over the years has enabled the two businesses to work together to support the safe, efficient, and sustainable delivery of marine towage services.
Svitzer Estelle has a bollard pull of 80 tonnes, and has an L.O.A. of 32 metres, with a beam of 13.2 metres and a depth of 5.5 metres. The RAstar 3200W series tug has a 199m3 fuel capacity and 40m3 freshwater capacity, with Escort Tug and Firefighting1 notation.
The vessel is powered by two Caterpillar 3516E main engines rated at 2525 bkW at 1,800 rpm, with IMO III certified aftertreatment, and has two Kongsberg US255 Z-drives with 2.8m FP propellers.
Speaking on the announcement, Cliff Chow, Svitzer’s London Port Manager, said: “The delivery of the Svitzer Estelle marks a pivotal moment in the continued modernisation of our UK fleet, and will enable us to continue to meet our customers’ demands as well as ensure safe, reliable, and efficient operations. The waters of the Thames and the Medway are dynamic and unique, so we need tugs that can meet and exceed their specific challenges. Just like Svitzer Elizabeth, we are confident that Svitzer Estelle will represent a significant advancement of our capabilities.”
“We’d like to thank the team at Uzmar Shipyards for their ongoing commitment to this partnership and for the completion of another successful project.”
Mr. A. Noyan Altuğ, CEO, Uzmar Shipyards, added: “Today marks not only the delivery of a new tug, but the continuation of our long-term partnership between Uzmar Shipyards and Svitzer. It builds on the success of our delivery of two tugs to Svitzer’s Australian fleet, as well as our ongoing work on Svitzer’s advanced TRAnsverse tug designs. We look forward to continuing our work with Svitzer to make the tugs of the future a reality.”
As Svitzer Estelle is UK-based, the vessel will be able to fall under Svitzer’s EcoTow net-zero carbon harbour towage solution. As part of EcoTow, Svitzer deploys sustainable marine biofuel across its UK fleet to reduce the carbon impact of towage for its customers.
Svitzer Cassino to boost operations at the Port of Pecém
Rio de Janeiro, 25 February 2026
With more than 70 tonnes of bollard pull and state-of-the-art technology, the tugboat Svitzer Cassino will now be integrated into operations at the Port of Pecém, in Brazil. The vessel is part of Svitzer’s expansion strategy in Brazil and increases the capacity to serve large vessels, raising the standard of efficiency and safety in port manoeuvres in the region.
A global leader in towage services and maritime solutions, Svitzer is advancing the modernization of its fleet in the country with the delivery of the second of three tugboats ordered from the Rio Maguari Shipyard. This move reinforces the company’s sustainable growth plan and its strategic presence in the Northeast.
“Serving increasingly larger ships requires technology, precision, and highly trained teams. The arrival of the Svitzer Cassino reinforces our long-term commitment to Brazil and demonstrates our confidence in the growth of the port sector, ensuring the precision and safety that the market demands,” says Daniel Reedtz Cohen, Managing Director for Svitzer Americas.
Designed to offer high maneuverability and efficiency in port operations and terminal support, the Svitzer Cassino is an RAmparts 2300 design tugboat, recognized for its high manoeuvrability and performance. With a length of 23 meters (LOA), a beam of 11 meters, and azimuthal propulsion, the vessel operates under the Brazilian flag, has ABS classification, and is equipped with a FiFi-1 fire suppression system.
In addition to increasing operational robustness at the Port of Pecém — one of the main logistics hubs in the Northeast of Brazil and a strategic gateway for the region’s foreign trade — the incorporation of the new tugboat also reinforces the appreciation of the national shipbuilding industry. Built by the Rio Maguari Shipyard in Pará, the project contributes to job creation, technological development, and strengthening the Brazilian maritime production chain.
With the incorporation of the Svitzer Cassino, the company now has 24 tugboats in operation in the country. The new vessel is part of the strategic plan to expand the modern fleet in Brazil by the end of 2026, reinforcing the company’s commitment to strengthening and sustainably growing Brazilian ports.
Importance of the Port of Pecém
Located in the Port of Pecém, in Ceará, the complex stands out as one of the most important logistics hubs in the Northeast. Its strategic location shortens maritime routes to Europe and North America, increasing the competitiveness of Brazilian foreign trade. With modern infrastructure and direct connection to the region’s industrial park, Pecém stimulates exports, attracts new investments, and plays a key role in regional economic development, demanding high standards of efficiency and operational safety.
In this context, Svitzer has been operating in the port since June 2021, contributing to the safety and efficiency of port maneuvers. The company’s continued presence reinforces the international standard of services provided in the complex and accompanies the evolution of Pecém as a strategic hub for Brazilian foreign trade.
Port of Melbourne, Svitzer, CIP and Plexar Energy to Explore Australia’s First Fully Electric Towage Operations
18 March 2026, Melbourne, Australia
Port of Melbourne and global towage operator Svitzer have signed a Memorandum of Understanding (MoU) to explore the deployment of next‑generation electric tugboats and the clean‑energy infrastructure required to operate them in Australia’s largest container port.
The MoU was officiated at the Port of Melbourne Education Centre yesterday, in the presence of Their Majesties The King and Queen of Denmark as part of the Danish State Visit to Australia.
The partnership – which also includes Copenhagen Infrastructure Partners (CIP) and Plexar Energy – establishes a framework for collaboration to assess the feasibility of introducing two fully electric TRAnsverse 2600e tugs in Melbourne. The framework will also explore the feasibility of a dedicated renewable energy microgrid and high‑capacity charging infrastructure.
Port of Melbourne CEO, Saul Cannon, said the collaboration reflects a shared ambition to improve port efficiency while accelerating the sector’s transition to lower‑emissions operations.
“Efficient, reliable towage services are critical to the smooth functioning of the port, and electrification offers the potential to improve both operational performance and environmental outcomes.
Through this MoU, we are exploring what it would take to bring the next generation of electric towage to Melbourne in a way that benefits port users, reduces emissions, and supports a more sustainable future,” Mr Cannon said.
The shift to electric towage has the potential to deliver a range of benefits for port users, including improved vessel handling performance, reduced noise and vibration, and greater predictability in operating costs. A dedicated renewable microgrid may also provide a resilient and efficient energy supply tailored to the specific operational requirements of tug services.
Svitzer Australia Managing Director, Videlina Georgieva, said the partnership with Port of Melbourne and CIP represents an important step in bringing the next generation of sustainable towage to Australia.
“Towage is critical to the performance of any port, and our biggest challenge for decarbonisation is reducing emissions without compromising safety, capability or reliability. At Svitzer, we are investing in the technologies that will help solve this challenge, and it is exciting to see Melbourne leading the way, through this collaboration, to make sustainable towage a working reality in Australia,” Ms Georgieva said.
Plexar CEO and Partner at CIP, Karsten Plauborg, said the partnership with Port of Melbourne and Svitzer highlights how microgrids and AI based optimisation tools can support electrification.
“We are grateful to our visionary partners and look forward to demonstrating how Plexar’s solutions, electrical engineering expertise and the direct use of onsite electricity generation can both optimise costs and increase power availability”.
The MoU was signed during the State Visit’s energy programme, themed “Partnering for a green, secure and sustainable tomorrow” – an opportune platform to highlight the Port’s collaboration with Danish firms Svitzer, CIP, and Plexar Energy. Further, the occasion underscores Port of Melbourne’s broader commitment to advancing decarbonisation and enhancing efficiency across the port supply chain.
“Transitioning port operations to cleaner, more efficient technologies is a shared challenge. Collaborations like this help us build the partnerships and capability needed to deliver meaningful progress for the sector and for Victoria,” added Mr Cannon.
193 Years in Operation: From Copenhagen Harbour to Global Towage
3 March 2026 – If you take a stroll around Copenhagen's historic — albeit touristy — Nyhavn district, you might stumble upon a statue of a man in a diving helmet on the side of a historic building. That diving helmet conceals more than just the diver's face; if you look a little deeper, you might also discover the history of a quiet achiever that founded what is now a global leader in the maritime industry. That company is Svitzer, which is celebrating its 193rd birthday today.
What follows is a short history on Svitzer’s founding and how the spirit of Emil Zeuthen Svitzer lives on through the company today.
On 3 March 1833, Emil Zeuthen Svitzer founded a small salvage company in Copenhagen with three vessels and a clear purpose. Trade moved by sea, and when something went wrong, the consequences were immediate and costly. Having experienced the risks of shipping first-hand, he set out to build a company that could respond quickly, reduce loss, and protect both people and property. 193 years later, that purpose still defines Svitzer. What has changed is the scale.
From local salvage operations in Nordic waters, Svitzer has developed into a global towage and marine services provider operating in 157 ports and 46 terminals, worldwide. Our expert team and capable fleet support container vessels, tankers, bulk carriers, and cruise ships in some of the world’s busiest harbours. Our crews work alongside pilots, port authorities and customers to keep trade moving safely, economies thriving and communities strong.
(Image: Emil Z. Svitzer 1805-1886)
Built on Practical Experience
In the early years, success depended on blending operational readiness with innovation. When the telegraph opened in Denmark in the 1850s, Emil Svitzer organised coastal contacts to ensure that incidents were reported quickly. When professional diving equipment became available, he invested in it. When steam propulsion changed the maritime industry, he adapted his fleet accordingly.
These were practical decisions taken by a founder who understood risk from experience.
As the business developed beyond its early years and into a formal company structure, that approach continued. Investment in capability, attention to operational detail, and willingness to adopt new technology became part of Svitzer’s way of working.
The inner roadsted of Copenhagen painted around 1850 by Carl Bille. The painting shows some of the characteristic types of vessels used at the time.
The salvage vessel EM. Z. SVITZER with crew. The vessel was built at the shipyard Burmeister & Wain in 1885. It was one of Svitzer's first steam ships.
ZVIR OF FIUME stranded at the Porqeurolles islands by Toulon, France 1912. The repair made by a Svitzer diver during the salvage was so effective that the vessel could carry on to Marseille without further repairs. Alongside the vessel is the salvage vessel VALKYRIEN.
These practical decisions improved both response time and operational capability. As trade expanded, so did Svitzer. By the late 1800s and early 1900s, stations had been established beyond Danish borders, including in the Mediterranean and, later, Asia. This international growth required negotiation and partnerships, as well as disciplined leadership, and, of course, skilled onshore and offshore crews who could operate in unfamiliar waters. The lesson from that period still applies today; vessels and equipment matter, and people make the difference.
Innovation that reflects Experience and Heritage
The development of Svitzer’s fleet has both been guided by and anticipated operational and industry needs. From early steam-powered salvage vessels to high-powered ASD tugs, each generation of innovations has reflected the demands of its time. Acquisitions and fleet renewal over the last few decades have established Svitzer as the world’s leading towage and marine services provider. As we continue to focus on design, performance and innovation, the TRAnsverse tug is the latest example. The TRAnsverse tug represents the new benchmark for towage performance, responsiveness, power and safety. A proprietary design of Svitzer’s that combines a patented staple configuration with a new hull form and inline propulsion that provides outstanding manoeuvrability and operational flexibility in harbour and terminal towage.
At the same time, our industry is undergoing a structural shift towards decarbonisation, and Svitzer is actively contributing to that transition. The latest example being a commitment to build battery-electric TRAnsverse tugs – combining advanced design with net zero aspirations. Svitzer recently signed a shipbuilding agreement with Cochin Shipyard Limited in India for four TRAnsverse 2600e tugs, with options for additional vessels. These next-generation electric tugs will support fleet renewal and enable zero direct emissions during harbour operations when powered by green electricity.
Alongside electrification, we continue to reduce emissions in global towage through operational efficiency, hybrid propulsion, alternative fuels and close collaboration with ports and customers. Our EcoTow solution is one example. It provides customers with direct carbon insetting opportunities within their own maritime value chains, linking operational performance with measurable emissions reductions.
Svitzer Nobbys TRAnsverse 3200 tug, arrival August 2025. Port of Newcastle
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Meet the Inventors: Svitzer TRAnsverse tug
Long-Term Relationships Since 1833, our business has depended on trust. Historical accounts of the company highlight the importance placed on reputation among shipowners and marine underwriters. Professional conduct, responsiveness and maintaining goodwill were central to remaining competitive. That customer focus continues to define how we operate.
Today, our customers rely on us in situations where precision matters. A towage job may only take minutes, but the preparation behind it is extensive. Reliability and consistency are critical. (Image: Svitzer Rivas and an Energos vessel in the Dominican Republic, September 2025.)
In 2025, our Net Promoter Score reached 47, up from 46 in 2024 and an industry-leading NPS in our sector. Based on feedback from 183 customers across 298 responses, the result reflects strong confidence in our service delivery and reinforces our ambition to deepen customer partnerships globally.
Our People Across our fleet and offices, Svitzer is built on maritime experience and dedicated professionals. Tug masters, engineers and deck crews work in close coordination where timing, judgement and communication are key. A towage job may appear straightforward from the outside, but it depends on planning, vessel readiness, procurement of parts, maintenance schedules and a clear customer coordination behind the scenes.
The same applies across shore-based teams. Operational planners, technical managers and commercial colleagues and many more ensure that vessels are maintained, resources are available and customer expectations are understood before a job begins, no matter when or where. As we mark 193 years, it is appropriate to recognise colleagues across regions who carry that responsibility every day, 356 days a year. Our performance is a reflection of the competence, discipline and judgement of our people in every port where we operate and the customers who trust us with their services. (Image: Svitzer Marine Support vessel UNIWISE RAYONG in action, offshore in the Gulf of Thailand)
Safety: Looking Out for Each Other At Svitzer, every day is Safety Day. Global Safety Day gives us a moment to pause and reflect on how we look out for each other across vessels, ports and offices. The 2025 theme, Looking Out for Each Other, highlights that safety is not only systems and procedures. It is behaviour, leadership and daily decisions that define us when we are working at our best. Through the Safety Awards, Everyday Actions, Extraordinary Impact, we recognise colleagues and teams across three categories
• Everyday Safety Hero • Team Safety Innovation • Mental Health and Wellbeing Champion
This year’s finalists demonstrate how safety is strengthened in practical ways across regions.
Everyday Safety Hero In Brisbane, Jeff Hircock has been recognised for consistently raising safety standards, supporting additional training and speaking up when risks are identified. In Tees, Scott Hill is known for proactively addressing issues before they escalate, helping maintain an injury-free working environment.
Team Safety Innovation In Paranaguá, Brazil, Captain Rangel Suzena Maria and the crew of Svitzer Roberto M. introduced colour-coded safety eyes on mooring lines to improve handling, reduce strain and strengthen control during operations. In Dampier, the crew of Svitzer Dragon developed a hose and valve system that removed manual handling from deck operations, reducing exposure and physical risk.
Mental Health and Wellbeing Champion In Bahrain, Sayed Hashem Mosa AlKamel provided steady support to colleagues following a difficult incident, reinforcing the importance of psychological safety. In the Americas, Jireh De Gracia has fostered a culture of regular check-ins and open dialogue.
In Fremantle, Zoe Gill has been recognised for encouraging conversations around wellbeing and supporting colleagues across teams. These examples reflect different aspects of safety, from operational discipline to innovation and mental health support. Together, they show that looking out for each other is not an abstract principle. It is visible in actions taken every day across our organisation.
193 Years in Context For nearly two centuries, Svitzer has evolved from conducting local salvage operations in Nordic waters to providing global towage services in major ports worldwide. Ownership structures have also changed. Technology has advanced. Trade patterns have shifted. In 2024, Svitzer was demerged and listed as an independent company. The following year, A.P. Moller Holding took full ownership.
Across ownership changes, new technology and shifting trade patterns, one thing has stayed consistent. Svitzer’s role is to deliver safe and reliable towage that keeps ports moving. That depends on disciplined teamwork, clear communication, and people who
Svitzer tugs berthing a LNG tanker at the ELNG Terminal in Idku, Egypt.
Tow-out of Maersk Line's 11,000 TEU containership EDITH MAERSK from Odense Steel Shipyard, Denmark.
Svitzer Tugs assisting an LNG vessel at night.
Timeline • 1833 Emil Z. Svitzer establishes a salvage company in Copenhagen with three vessels. • 1842 First professional diving equipment acquired, strengthening underwater inspection and salvage capability. • 1860 First steam-powered salvage vessel introduced following the rebuilding of a salvaged steamship. • 1872 Company transformed into a stock company, enabling capital for expansion. • 1889–1910 International expansion with stations established in the Mediterranean, Northern Europe and later Asia, including Hong Kong. • 1956–1957 Appointed by the United Nations, together with Smit, to lead the clearance of the Suez Canal after it was blocked by sunken vessels. • 1960s–1970s Technological upgrades in salvage operations. Increasing use of vessels for towage, ocean towage and offshore marine services as global trade grows. • 1979 The A.P. Moller Group becomes majority owner. • 1999–2007 Global acquisitions including Röda Bolaget, Wijsmuller and Adsteam Marine establish Svitzer as the world’s leading towage provider. Significant fleet renewal undertaken. • 2003–2005 Strategic focus on towage and response services. Non-core activities divested. • 2015 Salvage activities merged into Ardent, later divested in 2019, sharpening focus on towage. • 2024–2025 Svitzer demerged from A.P. Moller – Maersk, listed on Nasdaq Copenhagen and subsequently taken into full ownership by A.P. Moller Holding. • 2026 Majority acquisition of Buksér og Berging
Applications for Emil Zeuthen Svitzer’s Grant are now open
Every year, Svitzer awards Emil Zeuthen Svitzer’s Grant, formally known as Em. Z. Svitzer’s Grant, to a number of recipients. The grant typically amounts to DKK 10,000 before taxes.
If you are considering applying for the grant, we have gathered some information for you below. Please read it through to understand if you, or someone you know, would potentially qualify for the grant before submitting an application.
What is the purpose of Em. Z. Svitzer’s Grant? The purpose of the grant is to support or reward individuals who are or have been employed in the service of Svitzer Group as well as the widowers or children of these individuals.
Who can more specifically qualify for the grant? Em. Z. Svitzer’s Grant can be awarded to:
Current Svitzer employees who have made a special effort in terms of safety or showed special courage during active service by which human lives were saved.
Current or former employees of Svitzer who have suffered an injury in a workplace accident when working for Svitzer.
Current or former employees’ next of kin, if the current or former Svitzer employee has lost his or her life or suffered an injury when working for Svitzer.
How do I apply for the grant? You can submit your application using this link. Please observe that we will only be reviewing applications submitted between 22 January and 25 February 2026. Applications received after 25 February 2026, and applications submitted through any other channels, will not be considered.
When and how will the recipients of this year’s grant be informed? All recipients of Em. Z. Svitzer’s Grant will be informed directly via e-mail.
When is the grant paid out? All recipients of the grant will receive the funds awarded to them in March 2026. Please note that the grant will be taxed as personal income for any recipients residing in Denmark. All other recipients are expected to handle tax matters related to the grant in their respective home countries themselves.
From day one: safe, uninterrupted towage at Oman LNG
From 1 January 2026, Svitzer has been providing towage services at Oman LNG’s terminal in Qalhat, a critical energy infrastructure operation where reliability, safety and readiness are non-negotiable.
With demanding operational requirements, the mobilisation has been built around one clear outcome: a safe and seamless transition, enabling the operation to perform from day one, supported by strong safety standards and clear oversight.
Deniz Kirdar True, Managing Director, AMEA, Svitzer, says: “Delivering a safe start from day one takes discipline, teamwork and absolute clarity on standards. I’m proud of how our people came together across countries and functions to mobilise the operation on time, delivering with the safety standards you can expect from Svitzer.” .
A cross-country mobilisation, powered by people
Delivering a day-one start at this scale required a cross-country and cross-region effort, drawing on operational, technical, HSE and support expertise from across Svitzer. Teams worked together to align procedures, assurance activities and on-the-ground capability, so the operation could perform from the first vessel movement.
A key part of the mobilisation has been integrating the local team. Svitzer is pleased to welcome over 70 new colleagues as part of the operation, strengthening capability in-country and supporting long-term service delivery.
Building in Oman, and in-country value embedded from the start
Oman LNG’s requirements extend beyond operational performance. Svitzer’s mobilisation supports these commitments through local recruitment and capability building, creating long-term value through skills development and strengthened maritime capability in-country.
As part of Svitzer’s fleet renewal programme for the operation, one of the tugs will be built in Oman , supporting job creation and contributing to the development of local manufacturing capability.
The Oman-built tug will be a 32-metre tug with 65-tonne bollard pull, and is expected to be delivered in the first half of 2027.
Svitzer’s focus at Oman LNG remains clear: safe and reliable service, consistent standards, and being ready when the customer needs us - delivered by local capability, while backed by international expertise.
Svitzer announces changes to its leadership in the Americas and Europe
Panama City and Copenhagen, 22 December 2025 – Svitzer, a leading global towage provider, has announced leadership changes in Europe and the Americas. For the past six years, Arjen Van Dijk has served as Managing Director of Svitzer’s operations in the region. He will now move on to lead Svitzer’s European business.
“Svitzer has seen significant growth in the Americas in recent years, and today, we operate in 13 countries in the region with more than 100 vessels. This progress is a testament to our dedicated and experienced colleagues who, day in and day out, provide safe and reliable towage services to our customers,” said Arjen Van Dijk.
Daniel Reedtz Cohen will succeed Arjen as Managing Director of Svitzer Americas. He has been with Svitzer for the past 12 years, the last nine years in Brazil, most recently serving as Managing Director.
“It’s a privilege to take up the MD role, and I look forward to partnering with our customers to support their growth in the Americas region. Towage plays an essential role in efficient, reliable supply chains, and the region’s growth potential can be improved by optimising this critical infrastructure in ports and terminals,” says Daniel Reedtz Cohen.
The changes come into effect on 1 January 2026. Arjen Van Dijk and Daniel Reedtz Cohen will both be members of Svitzer’s Executive Leadership Team and report to Svitzer’s CEO, Kasper Friis Nilaus.
In the Americas, Svitzer is currently present in 13 countries and 26 ports, operating more than 100 vessels in South and Central America, the Caribbean and Canada, serving major ports and providing critical support to industries.
Daniel Reedtz Cohen – MD Americas
Cochin shipyard to build next-generation electric TRAnsverse tugs for Svitzer
Cochin, India and Copenhagen, Denmark – 8 December 2025
Svitzer, a leading global towage provider, and Cochin Shipyard Limited (CSL), India’s largest public sector shipyard, have signed a shipbuilding agreement for four 26-metre electric TRAnsverse (“TRAnsverse 2600e”) tugs to be constructed in India for Svitzer’s global fleet renewal and growth plans.
The agreement confirms a Letter of Intent signed in October 2025 at India Maritime Week and marks the move from intent to a contracted new build agreement.
Under the agreement, CSL will build a minimum of four battery-electric TRAnsverse 2600e tugs for Svitzer, with an option for up to four additional vessels. The tugs will be constructed to Svitzer’s specifications at CSL’s facilities in Cochin to serve as global fleet renewal and advancement in operations worldwide. The vessels complement a wider newbuilding program of the TRAnsverse tug design, cementing Svitzer’s confidence in the vessel’s capabilities while also opening opportunities for future deployment in Indian ports and terminals.
The deal brings together Svitzer’s global expertise in sustainable towage solutions with CSL’s proven shipbuilding capabilities, skilled workforce and local innovation. It supports India’s ambition to become a global maritime manufacturing and skills hub under Maritime India Vision 2030, Maritime Amrit Kaal Vision 2047 and the “Make in India” initiative.
The TRAnsverse 2600e tugs are the electric version of the next-generation tug design proving itself as the world’s most advanced and efficient tug. The ‘Swiss Army Knife’ of tugs: the TRAnsverse design can operate in complex and close-quarter operating contexts, with all ship types and sizes in challenging weather and tidal conditions. The vessels will feature battery-electric propulsion and offer port and terminal operations zero direct emissions during harbour operations when charged from green power sources.
Render of Svitzer TRAnsverse 2600e (26m electric TRAnsverse tug)
The tug’s patented staple with double-ended hull and in-line propulsion with omni-directional thrust expands the dynamic operating envelope in towage up to 50%.
“This contract with Cochin Shipyard for our next series of electric TRAnsverse tugs reflects our commitment to Make in India and to support port and terminal operations in their green transition and decarbonisation objectives.
“India has strong shipbuilding capabilities and a highly skilled workforce. Through this collaboration with CSL, we are not only investing in a series of advanced tugs for our own operations – we are also helping to build capacity for world-class, low- and zero-emission tug construction in India – signalling our trust in India’s existing capability and maritime vision.
We welcome the opportunity to work closely with the CSL team to deliver these vessels and, in doing so, to support the goals of Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 in a very practical way.”
Madhu S Nair, CMD of Cochin Shipyard Limited, said:
“We look forward to delivering the next generation of tug, the TRAnsverse 2600e, drawing on CSL’s skilled workforce and our track record in complex, high‑spec vessels. This agreement represents a natural expansion of our capabilities into advanced tug design and the industrialisation of battery‑electric and future‑fuel‑ready technologies in India.
The programme will deepen our expertise in electric propulsion, high‑precision manoeuvring systems and integrated digital solutions for ports and terminals, while creating opportunities for our engineers, designers and local supply chain.
As a Government of India company, we remain committed to Make in India and to the decarbonisation of maritime transport. Together with Svitzer, our goal is to deliver a world‑class asset with significant decarbonisation credentials for ports in India and around the world.”
The first four vessels under the agreement are expected to enter construction over the coming months, with the first delivery targeted no earlier than late 2027 / early 2028, subject to detailed design, yard scheduling and regulatory approvals. Further vessels may follow in line with Svitzer’s fleet renewal plans and customer demand.
CSL shipyard Cochin, Kerala, India
Twin Tugs, One significant step-change: Svitzer Showcases the Future of Towage in New Short Documentary
For the first time, two of Svitzer’s revolutionary TRAnsverse tugs are operating side by side, providing a significant uplift in capability to the demanding operations of the second busiest port in Australia.
Captured in a new short documentary filmed in Newcastle, Australia, Mega Machines – Svitzer Barrington and the TRAnsverse 3200: The Future of Towage, offers an on-water look at the TRAnsverse 3200 in action.
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In focus is how the tug responds to the wide risk mitigation requirements reliant on towage – through its unique design features providing versatility, responsiveness and power.
The result is a practical demonstration of how power and precision come together to make towage safer and more efficient.
“The TRAnsverse represents a generational step forward in tug design,” says Kasper Karlsen, Chief Operating Officer, Svitzer. “It’s not just about more power, but smarter, safer, and more efficient operations. The innovation of this tug lies in how it can adapt safely and responsively to pilot orders, for a variety of manoeuvres, in different and often difficult operating sea states and weather.
“The outcome and priority of course underpinning everything is to help our customers navigate the world’s largest vessels safely, reliably and sustainably – and to keep trade moving.”
Developed with naval architects Robert Allan Ltd, the TRAnsverse design expands the operating envelope by up to 50% more compared to conventional tugs, improves fuel efficiency by up to 15%, and enables dynamic operations including sidestepping speeds of up to 8 knots and lateral push, all while maintaining stability and control.
The new short documentary complements Svitzer’s TRAnsverse Tug White Paper, which details the in-depth research and development, test and trial process that underpin the tug’s performance in operations today. Together, they illustrate how Svitzer continues to move towage forward: safely, efficiently, and responsibly.
The Mega Machines video is available on Svitzer’s Global YouTube channel alongside the full white paper on Svitzer.com.
New tug Svitzer Copacabana strengthens operations in Brazil
New tug enhances capability to support large-scale operations, including the growing LNG segment in the country
To strengthen safety, precision, and efficiency in manoeuvring large LNG vessels, Svitzer — a Danish company and global provider of towage and marine solutions — has announced the delivery of the Svitzer Copacabana, a new tug that will join its fleet in Brazil. The vessel will reinforce operations involving FSRU units and expand service capacity in the country’s key ports.
The Svitzer Copacabana is the first of a new series of three tugs built by Estaleiro Rio Maguari, as part of the company’s strategy to expand its operational capacity in Brazil with vessels designed to serve different types of terminals and contracts.
“Operating large vessels, including LNG carriers, requires precision, preparation, and technology. That’s why we continue to expand our fleet and invest continuously in crew training. The Svitzer Copacabana represents our long-term commitment to the Brazilian market and our confidence in the potential for growth in the country’s port and energy sectors,” said Daniel Reedtz Cohen, Managing Director of Svitzer Brazil.
Equipped with an external FIFI-1 firefighting system, the vessel offers a key technical advantage for safe operations with LNG carriers. The Svitzer Copacabana is an ASD tug of the Rampart 2300 Series, measuring 23.2 metres in overall length, with a top speed of up to 13 knots and a bollard pull of 70 tonnes. By the end of 2025, Svitzer expects to operate 23 tugs in Brazil, consolidating its position as a benchmark in safety and operational excellence for towage infrastructure in the region.
The company continues to strengthen its ongoing training programs for Brazilian crews, using simulators, updated protocols, and specialised training routines to ensure high performance in demanding operational environments.
Novo rebocador Svitzer Copacabana reforça operações de GNL no Brasil
Novo rebocador fortalece a capacidade de atendimento a operações de alto porte, incluindo o crescente segmento de GNL no país
Com o objetivo de fortalecer a segurança, a precisão e a eficiência nas manobras de grandes embarcações de GNL, a Svitzer, empresa dinamarquesa e fornecedora global de serviços de reboque e soluções marítimas, anuncia a entrega do Svitzer Copacabana, novo rebocador que passa a integrar sua frota no Brasil. A embarcação chega para fortalecer as operações com unidades FSRU e ampliar a capacidade de atendimento em portos estratégicos do país.
O Svitzer Copacabana é o primeiro de uma nova série de três rebocadores construídos pelo Estaleiro Rio Maguari, como parte da estratégia da empresa de ampliar sua capacidade operacional no país com embarcações preparadas para atender diferentes tipos de terminais e contratos.
“Operar navios de grande porte, incluindo os de GNL, exige precisão, preparo e tecnologia. Por isso, seguimos ampliando a frota e investindo continuamente na formação da nossa tripulação. O Svitzer Copacabana representa nosso compromisso de longo prazo com o mercado brasileiro e nossa confiança no potencial de expansão das operações portuárias e energéticas no país”, afirma Daniel Reedtz Cohen, presidente da Svitzer no Brasil.
Equipada com sistema externo de combate a incêndio FIFI-1, a embarcação oferece um diferencial técnico importante para operações seguras com transportadores de GNL. O Svitzer Copacabana é um rebocador ASD da Série 2300 Rampart, com 23,2 metros de comprimento total, velocidade de até 13 nós e bollard pull de 70 toneladas. Até o final de 2025, a Svitzer deve operar 23 rebocadores no país, consolidando sua posição como referência em segurança e excelência operacional.
A companhia segue reforçando programas de capacitação contínua para tripulações brasileiras, com uso de simuladores, protocolos atualizados e rotinas de treinamento especializado para atuação em cenários de alto desempenho operacional.
Svitzer and Cochin Shipyard Ltd. sign Letter of Intent to advance electric TRAnsverse tug manufacturing in India
Mumbai, India – 31 October 2025
Svitzer today announced the signing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) to construct a new generation of electric TRAnsverse tugs in India. The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub.
Under the LoI, Svitzer and CSL will collaborate on plans to build electrical TRAnsverse tugboats at CSL’s yard facilities in India — signaling Svitzer’s long-term intent to Make in India and to bring to market one of the most advanced and environmentally progressive tug designs to support India’s green port and green towage ambitions. Signature took place during India Maritime Week in Mumbai.
The collaboration will combine Svitzer’s global expertise in sustainable towage with CSL’s excellent shipbuilding capability and the wider strengths of India’s engineering talent, supply chains and innovation ecosystem.
Svitzer Taurus is a 26m conventional diesel powered TRAnsverse tug design. The Letter of Intent with Cochin Shipyards Ltd is for 26m electric version.
The TRAnsverse concept is central to the partnership.
Known for exceptional manoeuvrability and efficiency, TRAnsverse tugs provide precise control in confined waters, improving safety and operational performance while reducing energy use and emissions.
“With this LoI we are taking a decisive step on our electrification journey. India’s shipbuilding ecosystem—and CSL’s proven track record—make Cochin a great place to further develop and build the TRAnsverse. We see strong alignment with the Government of India’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. By pairing Svitzer’s nearly 200 years of towage experience with Indian engineering and manufacturing strength, we aim to deliver cleaner, safer and more efficient harbour operations for customers in India and around the world.
Kasper Nilaus, CEO, Svitzer,
These vessels are intended for Svitzer’s global fleet renewal and growth markets, and will also create the opportunity for a locally built, world-class design to be deployed in Indian port and terminal operations.
“We look forward to working closely with Svitzer to make plans for building the next generation TRAnsverse tug in India. This collaboration will showcase CSL’s world class capabilities, deepen local supply chains and talent, and accelerate the availability of green, high performance tugboats for ports at home and abroad.”
Madhu S Nair, Chairman and Managing Director, Cochin Shipyard Limited, said:
This partnership represents a significant step toward decarbonising towage and advancing India’s maritime industry toward a low carbon future. As critical first- and last-mile port infrastructure, Svitzer’s towage solutions, decarbonisation expertise and asset mix provide a strong foundation to enhance the sustainability of port operations.
Two paths, one commitment: Marco and Marino’s journey with Svitzer
At Svitzer, our strength lies in our people. Local experts who bring dedication, skill and perseverance to every operation. The stories of Captains Marco Silva and Marino Chamorro show how different journeys can lead to the same destination: Professional growth and leadership at sea. Read on to learn more about their pathways and their lessons for others considering a career in maritime.
Marco Silva: From curiosity to command
Marco grew up surrounded by the sea. His father and grandfather were merchant mariners, and it was his father’s small boat business that first sparked his love for maritime life.
He joined Svitzer in 2010 as a launch boat operator in Melchorita, Peru. But Marco wanted more. “I used my days off to practise on board the tugboats. I travelled north to the Svitzer Cabo Blanco, and every chance I got, I kept learning,” he recalls.
His dedication took him far beyond Peru: simulator sessions in the Bahamas, bow-to-bow training in Costa Rica, and countless hours of practice gave him the confidence to take the next step.
Master Marco Silva at Svitzer’s operations in Peru
Marco’s lessons
“Being a leader is about commitment, motivation, responsibility and transparency.”
“Communication, experience and responsibility are the key skills for any tug captain.”
“My biggest motivation is my family.”
Marino Chamorro: Perseverance from the deck onward
Unlike Marco, Marino’s path was not through a maritime school. He started hands-on, as a deckhand. “I didn’t have the resources for formal studies, but I was inspired by a captain who had started the same way. I decided to follow that path,” he explains.
Step by step, Marino gained experience. Learning to handle azimuth tugs, facing critical decisions, and adapting to Svitzer’s systems tested him daily. What made the difference was guidance. “Gean Karlo was a leader who respected my learning pace. He gave me confidence, was patient, and always willing to help,” says Marino.
Today, Marino takes pride in having mastered challenging manoeuvres like bow-to-bow and centre line operations, achievements that not every captain can claim. His next chapter is underway in our Costa Rica operation, where he will continue to grow his skills.
Marino Chamorro, Master, Svitzer Americas
Marino’s lessons
“The most important thing at the helm is protecting life and ensuring every manoeuvre succeeds.”
“I always try to form a group and turn it into a team.”
“Like a racehorse, you must always keep looking forward.”
One message: Growth at Svitzer
For both Marco and Marino, Svitzer played a key role: offering training opportunities, trust, and the chance to learn in real conditions. Their achievements are proof of our values in action:
Safety: keeping people and vessels at the centre of every decision.
Responsibility: committing to their crews, families, and communities.
Excellence: persevering, learning, and inspiring others to follow.
As different as their journeys are, their stories highlight the same truth: there is no single way to grow within Svitzer. Whether through formal training or hands-on experience, commitment and teamwork open doors.
Or as Marco puts it: “It’s about having the right attitude and leaving your mark of quality in everything you do.”
And Marino adds: “With attitude and perseverance, at Svitzer you can always move forward.”
Master Marino Chamorro at the helm in Peru
Did you know?
Marco started practising tug manoeuvres on his rest days, travelling hundreds of kilometres just to learn.
Marino is living proof that passion and determination can replace formal training.
Both captains highlight teamwork and communication as the foundation of safe and successful operations.
No two journeys are the same
At Svitzer, no two journeys are the same — but our values unite us.
Captains Marco Silva and Marino Chamorro took different paths to the helm: one through formal training and international practice, the other through hands-on experience from deckhand to captain.
What they share is perseverance, teamwork, and a commitment to safety and responsibility.
Svitzer operations – Peru
Operation in Melchorita, Pacific Ocean
58 offshore employees supported by 5 onshore
Vessels: 4 tugs, 3 small crafts, 1 barge
Start of operations: april 2010
Svitzer Americas, Peru LNG
Her Majesty Queen Mary names Denmark’s first electric tugboat
Copenhagen 09 September 2025:The green transition in Denmark’s maritime sector took an important step forward today as Denmark’s – and Svitzer’s – first electric tugboat was named by Her Majesty Queen Mary at a ceremony in Copenhagen.
The new tugboat will carry the name Svitzer Ingrid, as announced by Her Majesty during the naming ceremony, which was attended by more than 100 executives from the Danish maritime industry. Svitzer Ingrid has a battery capacity equivalent to that of 23 modern electric cars and can perform most tasks using electricity, thereby reducing annual CO₂ emissions by 600 to 900 tonnes.
“In Svitzer, we have an ambition to become climate neutral by 2040, so today marks an important milestone for us. The electrification of our vessels is a key part of achieving this target. Svitzer Ingrid will operate in the Sound with Helsingborg as its home port, and around 90% of all tasks can be completed using electricity,” said Kasper Friis Nilaus, CEO of Svitzer.
Svitzer operates a fleet of over 450 tugboats assisting large tankers, container ships, and cruise vessels safely in and out of ports. Ingrid is Svitzer’s first fully battery-powered tugboat. A second electric tugboat has been ordered for delivery in 2026, and Svitzer is also in the market for additional four electric tugboats. Since 2016, Svitzer has operated four hybrid tugs in Australia.
“We would like to make a larger share of our fleet battery-powered, but this depends on ports having the necessary charging infrastructure. We are not there yet, although we see positive progress,” added Kasper Friis Nilaus.
“Ultimately, ports will need charging infrastructure similar to that for cars. Shipping companies cannot achieve this on their own. We must work together across our industry, with policymakers and local communities, to develop viable green solutions,” said Kasper Friis Nilaus.
Svitzer Ingrid will be recharged using renewable energy supply at the Port of Helsingborg.
Facts about Svitzer Ingrid
Hybrid vessel with a 1,808 kWh battery, equal to 23 modern electric cars
Also fitted with a conventional diesel engine
Reduces CO₂ emissions by 600–900 tonnes per year compared to existing Øresund tugs
Full charge takes about 3.5 hours; in practice, around one hour of charging is sufficient for operations
Svitzer vessels in Scandinavia are named after figures from Nordic mythology, and Ingrid is no exception. The name also carries a royal reference to Queen Ingrid. This is the second time that H.M. Queen Mary has named a Svitzer vessel, having previously named Svitzer Marysville in Melbourne, Australia in 2011.
Svitzer announces changes to its Executive Management Team
Copenhagen 28 August 2025
Today, it has been announced that Lise Demant, Managing Director of Svitzer’s European operations and a member of the Executive Management Team, has resigned and will depart from the company by the end of the year.
“After nearly 13 years at Svitzer and 26 years within the A.P. Moller Group, Lise has decided it is time to pursue a new challenge. I want to thank Lise for all that she has contributed during her time with us. Her impact has been substantial, with notable achievements both in Asia, as Group CCO and within the European business,” says Kasper Nilaus, CEO of Svitzer.
Lise Demant will be succeeded by Arjen van Dijk, who currently serves as Managing Director for Svitzer in the Americas and is also a member of the Executive Management Team. He will commence his new position on 1 January 2026.
“Arjen has demonstrated exceptional leadership since joining Svitzer in 2019, achieving strong results and growth while advancing us on our culture journey. I am confident that Arjen, with his personality, business mindset, and capabilities, will continue to excel in his new role,” says Nilaus.
Furthermore, Mattias Hellström, Svitzer’s Chief Commercial Officer, has stepped down by mutual agreement.
“Mattias has been a highly valued colleague, and his departure is on good terms. We wish him the very best for the future,” says Nilaus.
A recruitment process has been launched for a new Chief Commercial Officer and a Managing Director for the Americas.
“We have strong leadership and talented people in Svitzer who are capable and prepared to move Svitzer forward as we continue delivering on our growth strategy,” says Nilaus.
Not all maritime decarbonisation solutions need to be futuristic to be effective
Making Maritime Decarbonisation Real: The Case for Low Carbon Liquid Fuels
Svitzer Australia Head of Innovation, David Bartnik, recently joined a panel at the annual MIAL Decarbonisation Summit, in Melbourne, Australia. The following shares some insights into his key points into the panel discussion on Low Carbon Liquid Fuels.
At this year’s Maritime Industry Australia Ltd Decarbonisation Summit, I was fortunate to join a panel exploring how our sector can realistically move toward net zero, not in theory, but in action.
The maritime sector is often described as ‘hard to abate’ – and for good reason. The infrastructure, safety and energy density requirements of our vessels mean that simply copying approaches from land-based transport doesn’t work.
In Australia, electrification, methanol and ammonia all offer promise, but we are still years away from seeing them reliably, affordably and safely applied at scale in ports and towage.
That’s why at Svitzer we recognise low carbon liquid fuels (LCLFs) offer an immediate opportunity – and we have proven its decarbonisation credentials.
We’ve already seen operational success using FAME and HVO in European markets. Fuels that are drop-in ready, require no changes to engines, and cut emissions meaningfully. The challenge isn’t technical. It’s economic.
In the Australian market, there’s little commercial willingness to pay a premium for low-emissions marine services. And while demand exists among operators, it’s constrained by cost, with FAME typically two to three times the price of diesel, while HVO is three to five times more.
We see three critical and effective pathways to drive LCLF implementation in Australia, with the upside being immediate carbon reduction in maritime operations.
These are:
A low carbon fuel standard with a market-based trading scheme
Demand-side measures that create long-term certainty for investment
Policy support that reflects the bridge role LCLFs can play for the next decade.
What does practical support look like?
It starts with predictability. Operators and fuel producers alike need confidence in the demand signal – and that means incentives and standards that extend during the commercial life of an asset or fuel project. With tugs and most projects assets having a lifetime of around 30 years, a supportive regulatory environment for at least half that, would provide a strong signal and incentive, and provide asset owners time to generate a commercial return.
But they need confidence that policy will remain stable and consistent.
A well-designed Low Carbon Fuel Standard, like those in California, the UK or Japan, would reward emissions reductions and allow the market to determine the most cost-effective pathways. Mandates could be introduced incrementally, starting at 1% and increasing annually, to allow the sector to scale up sustainably.
Importantly, any policy should be fuel-agnostic and technology-neutral. It should enable a competitive domestic production industry while allowing for imports where necessary to build early momentum.
Svitzer consumes millions of litres of diesel per year in Australia, that is magnified by other operators in ports from other small boat operators and DCVs like barges and pilot boats, to terminal operators and trucking operations. That demand represents a real opportunity for local LCLF producers, if the right conditions are in place.
Interestingly we note that while Domestic Commercial Vessels (DCVs) aren’t bound by IMO decarbonisation targets, the recently agreed IMO framework of April this year (and to be ratified in October), does contain provisions for national governments to apply a similar framework for DCVs.
Decarbonisation in maritime must be practical to be achievable. LCLFs give us a chance to act now, and they deserve a meaningful and funded place in Australia’s transition plan to net zero.
New TRAnsverse tug arrives in Newcastle, Australia
Arrival of world-first tugboat design to Australia delivers generational advancement in marine services.
The Port of Newcastle‘s maritime capabilities are set for a significant enhancement with the arrival of the state-of-the-art TRAnsverse tug Svitzer Barrington, which will join Svitzer Australia‘s fleet at the port.
The 32-metre TRAnsverse tug represents a generational advancement in towage standards, innovation and performance Svitzer Australia’s Chief Operating Officer David Phillips said.
“This tug class is purpose-built for versatility and power, maintaining high steering and braking forces through a range of movements without losing the dynamism or responsiveness required by marine pilots,” Mr Phillips said.
“The arrival of Svitzer Barrington, soon to be joined by her sister tug, Svitzer Nobbys, represents our ongoing investment into Australian ports, helping them operate to the highest levels of safety, efficiency and in a way that helps our maritime sector grow in a more sustainable world.”
Behind the TRAnsverse tug’s impressive look and performance are unique design features, including a patented half-circle towing staple – able to support advanced towing manoeuvres – and a double-ended hull and propulsion layout that maximises the benefits of the staple design.
In dynamic modes the TRAnsverse tug expands the operating envelope by around 50% compared to similar or larger ASD tugs. The TRAnsverse tug performs a wider range of jobs, faster, more efficiently and to a generally higher level of safety. The tug has also been shown to provide a fuel efficiency gain of 15%.
Source: TRAnsverse Tug White Paper
Svitzer Barrington has been deployed to the Port of Newcastle as it is one of the busiest ports in Australia and services a range of large vessel types in complex tidal and weather conditions. The Newcastle operations will serve as a proving ground for the TRAnsverse tug technology, validating its performance for broader global deployment across various towage applications.
“Towage provides a critical service within the Port of Newcastle, ensuring the safety and reliability of shipping and port operations. The new TRAnsverse tug class represents a significant uplift in capability, further enhancing the Port of Newcastle’s resilience and growth into the future. We look forward to seeing Svitzer Barrington’s performance on the water and the additional flexibility she provides to our operations.”
Craig Carmody, CEO, Port of Newcastle
Svitzer Barrington during sea trials in Turkey
The port sees more than 4,500 vessel visits a year – including large capesize vessels shipping export coal, bulk grain and agri vessels, container ships, breakbulk freight, cruise vessels and more.
As vessels become larger, weather conditions more extreme and ports more congested, the demand for tugs to assist vessels safely in and out of ports and terminals continues to increase. The logical extension is that tugs have gradually needed to become more powerful, as well as more fuel intensive. However, the TRAnsverse tug’s design and technical features have shifted that assumption, as demonstrated in a recent white paper demonstrating the superiority of its performance.
Svitzer Barrington will be joined by her sister tug Svitzer Nobbys in August.
Watch the video of Svitzer Barrington’s arrival to the Port of Newcastle below.
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Svitzer Barrington, a TRAnsverse 3200 tug, arrives in Newcastle. Her arrival marks a step up in towage capability not only for the port but represents a generational advancement in towage standards, innovation and performance.
Svitzer Barrington Specifications
3200 TRAnsverse tug designed by Robert Allan Ltd and Svitzer
Length Overall: 32 metres
Beam: 13.7 metres
Operational Draft: Approximately 6.1 metres
Bollard Pull: 81 tonnes
Speed Astern: 14.4 knots
Speed Sideways: 7.5 knots
Maximum Escort Steering Force (10 knots): 124 tonnes
Maximum Braking Force (10 knots): 186 tonnes
Svitzer Barrington is one of four variants, the others measure 35m, 29m, and 26m.
The TRAnsverse tug delivers direct towage capability at higher speeds and seamlessly transitions to indirect (and back again), providing Pilots with greater control margin during transits or when shaping a turn in a limited navigable channel. The tug remains stable, holds force consistently, and recovers rapidly between vector changes.
The Magic Staple
The key to the TRAnsverse design lies in its patented “half-circle” staple which allows us to achieve a more optimal pivot point without any extra moving parts. The two azimuth drives are mounted centrally on the forward and aft end of the tug, rather than side by side. Combined with a hull form optimised for omnidirectional thrust, this arrangement allows the TRAnsverse to generate lateral force in any direction with reduced response time, making us far more agile than traditional setups.
The names of the new TRAnsverse tugs (Svitzer Barrington and Svitzer Nobbys) were selected recognizing connection as a pair of sister tugs of bringing in the Barrington Tops national park as the starting point of the Hunter River; flowing 460km to its entrance at Newcastle. It is a reflection of the entire Hunter Valley community (and wider region) relationship to the Port from a social, economic and geographic point of view.
Nobbys Head is then the mouth of the Hunter River and a prominent focal point for Newcastle – again from a local community point of view, everyone knows of Nobbys Head – but from a maritime point of view, every visiting crew know of the landmark, and mark it in the charts when arriving – not least its current and historic navigational significance as the first and last land formation that visiting vessels encounter in the Port of Newcastle..
Naming the Ship’s Bridge Simulator, ‘Hunter’, then nicely ties these elements of the river into the Simulator.
The Judging panel for the names included Newcastle Harbour Master Vikas Bangia, Mission to Seafarers Regional Director, Rev. Garry Dodd and new Training Superintendent charged with bringing the new TRAnsverse tugs into Newcastle, Master Ben Holder. Better known as the Harbour Master, the Master and the Pastor.
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Celebrating the training, experience and skills of our Seafarers
Svitzer has a legacy of delivering safe operations and servicing the maritime and shipping industry for more than 190 years.
The foundation of that legacy is our people, and ultimately, our crew that deliver the service on the water to our customers.
Today, the IMO and UN recognised International Day of the Seafarer, we launched a new four-part documentary series titled Masters of the Port, aimed at shining a spotlight on the people, technology, and precision behind maritime operations.
“The video series show new Masters (although still highly experienced Masters from other port operations), undergoing the training and familiarisation needed to be signed off to operate in a new port. More than anything it provides a unique insight into the highly technical and safety conscious world of towage and operations on the water that not many people get to see,” said David Phillips Chief Operating Officer at Svitzer Australia.
“Svitzer has invested significantly facilities at both its Fremantle and Newcastle tug bases, providing state-of-the-art maritime training across both its East and West Coast operations in Australia,” Mr Phillips said.
“These facilities give our professional, expert crew access to world-class technology, the ability to train in complex operations, emergency scenarios and collaborate with Pilots, port users and regulatory authorities.”
“The video series celebrates the skills and expertise of our crew – which took many years of personal sacrifice and commitment to build – and we also expect the videos to provide an exciting engagement tool to attract new people to the maritime industry.”
David Phillips, COO, Svitzer Australia
The simulators and training environment provides for real-time learning where if something goes to plan on the water, that can be replayed almost immediately in the simulator, and vice versa – it provides a safe and hyper-realistic learning environment to practice manoeuvres and operations in the training centre before heading out on the water.
“Ultimately, we hope the series shows what we do to prepare and deliver services and safe operations on the water, the investment in our people and the training capability we have in place that helps Svitzer apart in the industry,” said Mr Phillips.
Watch the first episode of the mini series below (YouTube link).
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Watch Masters of the Port – Ep 1 – Building the Bench on YouTube via the link above.
White paper confirms the superiority of Svitzer’s new TRAnsverse tug
Copenhagen 19 March 2025:Svitzer, a leading global towage and marine services provider, has today released a white paper documenting how its new TRAnsverse tug is capable of performing towage jobs that standard ASD tugs of similar or larger sizes can’t do. According to data presented in the white paper, the TRAnsverse tug could be a game changer for harbour and terminal towage.
With its revolutionary design, Svitzer’s Transverse tug takes manoeuvrability and towing capabilities to the next level. That’s the conclusion of the white paper, which includes data from sea trials and from the tug’s first months of operation. At speeds above 2-3 knots in dynamic modes, the TRAnsverse tug expands the operating envelope by around 50% compared to similar or larger size standard ASD tug designs. Furthermore, the TRAnsverse tug has shown a fuel efficiency gain of 15%. As a result, the TRAnsverse tug can perform a wider variety of jobs, do them faster and more fuel efficient, and generally deliver a higher level of performance.
“We believe that the TRAnsverse tug has the potential to become a game changer in harbour and terminal towage. It can address common port pain points, including severe challenges with port congestion, larger vessels, and more extreme weather conditions. We now have solid documentation that the TRAnsverse tug can solve most of the daily jobs faster and better than standard tug designs, meaning it will help prevent delays in the ports, which can be costly and have ripple effects throughout the supply chains,” says Kasper Karlsen, Chief Operating Officer at Svitzer.
The TRAnsverse design is a leap forward in tug design. Its operational capabilities are based on several distinct design features that differentiate it from other tug designs and, in combination, enable it to manoeuvre and operate in ways no other tug can. Svitzer has patented the TRAnsverse design together with naval architect Robert Allan Ltd.
Direct and indirect force: More direct and indirect force across the range of vessel speeds for arrival and departure, resulting in less time and fuel needed to achieve the required rate of turn (ROT) for the assisted vessel. The TRAnsverse tug can generate approx. 50% higher forces than an ASD of comparable size and engine power in dynamic modes (more than 2-3 knots).
Push and sidestep: The ability to push and sidestep under the flare results in less time and fuel needed to achieve the required ROT for the assisted vessel. Furthermore, the TRAnsverse tug can side-push effectively in the full speed range up to 10 knots, allowing instant response to pilot commands as the tug can follow the assisted vessel in position ready to push.
Manoeuvrability: Greater tug manoeuvrability means less power is required to position the tug as needed during operations.
Hydrodynamic force: Better usage of hydrodynamic force during pulling means free force during braking. The TRAnsverse design can generate usable hydrodynamic force from lower speeds than predominant tug designs.
Transition capability: Improved transition capability e.g. during direct pulling, changing from a 6 to a 3 o’clock position, will require less power, time and fuel than other tug designs.
Svitzer to switch to biofuels in Port of Esbjerg, Denmark
To contribute to the decarbonisation of shipping and the port of Esbjerg’s ambition to be carbon neutral by 2030, Svitzer’s tugs operating in the Port of Esbjerg (Denmark) will change to biofuel as of February 1, 2025. This means that from this date, Svitzer tugs will be sailing on HVO and customers using Svitzer’s towing services in and out of the port will be subject to EcoBAF, which is short of Ecofriendly Bunker Adjustment Factor.
Mathias Jonasson, Managing Director, Svitzer Scandinavia: “At Svitzer, we are committed to decarbonising our operations which must be carbon neutral by 2040. We can only achieve this ambition by working with like-minded partners and customers. I’m both proud and excited that Port of Esbjerg and Grimaldi share our commitment to creating cleaner operations to benefit local communities and nature in Esbjerg and the West Coast of Jutland.”
Dennis Pedersen, CEO of Esbjerg Port: “Port of Esbjerg has signed up for the “Getting to Zero Coalition” and thereby committed to becoming CO2 neutral by 2030, or in just five years. We have come far, but we depend on our customers transitioning to green biofuels to deliver on this ambition fully. We acknowledge that transitioning to biofuels comes with additional costs for our customers using our port facilities. But it is a necessary next step in the green transition; that’s why I’m very grateful that both Grimaldi and Svitzer understand this and will now use cleaner fuels.”
Paul Kyprianou, External Relations Manager of the Grimaldi Group: “The Grimaldi Group shares the goal of zero emissions and has made significant investments towards reaching this goal, including ordering almost 40 ships in the last seven years, with CO2 emissions halved compared to previous constructions. We consider the EcoBAF approach as an essential part of the decarbonisation journey within shipping where our Group plays a central role as one of the leading players in the industry.”
Applications for Emil Zeuthen Svitzer’s Grant are now open
Every year, Svitzer awards Emil Zeuthen Svitzer’s Grant, formally known as Em. Z. Svitzer’s Grant, to a number of recipients. The grant typically amounts to DKK 10,000 before taxes.
If you are considering applying for the grant, we have gathered some information for you below. Please read it through to understand if you, or someone you know, would potentially qualify for the grant before submitting an application.
What is the purpose of Em. Z. Svitzer’s Grant? The purpose of the grant is to support or reward individuals who are or have been employed in the service of Svitzer Group as well as the widowers or children of these individuals.
Who can more specifically qualify for the grant? Em. Z. Svitzer’s Grant can be awarded to:
Current Svitzer employees who have made a special effort in terms of safety or showed special courage during active service by which human lives were saved.
Current or former employees of Svitzer who have suffered an injury in a workplace accident when working for Svitzer and who are in need of financial support.
Current or former employees’ next of kin, if the current or former Svitzer employee has lost his or her life or suffered an injury when working for Svitzer.
How do I apply for the grant? You can submit your application using this link. Please observe that we will only be reviewing applications submitted between 9 January and 15 February 2025. Applications received after 15 February 2025, and applications submitted through any other channels, will not be considered.
When and how will the recipients of this year’s grant be informed? All recipients of Em. Z. Svitzer’s Grant will be informed directly via e-mail.
When is the grant paid out? All recipients of the grant will receive the funds awarded to them in March 2025. Please note that the grant will be taxed as personal income for any recipients residing in Denmark. All other recipients are expected to handle tax matters related to the grant in their respective home countries themselves.
HÖEGH & SVITZER SET NEW STANDARD FOR SUSTAINABLE SEA SHIPPING IN AUSTRALIA
Agreement around EcoTow solution secures Höegh Autoliners the first-ever, low-carbon towage service in Australia
Copenhagen, Oslo, 8 January 2025 – Svitzer, a leading global towage provider, and Höegh Autoliners, a leading global provider of ocean transportation services in the Roll-on, Roll-off segment, have partnered to deliver Svitzer’s first ever EcoTow solution in Australia, servicing the largest and most environmentally friendly car-carrier vessel class in the world on its call to four ports ‘Down Under’.
EcoTow is Svitzer’s proprietary carbon insetting solution, and it has provided a near 100% reduction in CO2 emissions relating to the towage operations of Höegh Aurora’s port calls during her maiden voyage to Australia. With the EcoTow solution, the carbon emissions from towage jobs are mass balanced by carbon credits generated by Svitzer’s use of biofuel across its international towage operations. The neutralisation effect is established by an external auditor and documented through certification and assurance reporting.
Towage is one of the largest carbon emitters in port operations in Australia, and Svitzer has a comprehensive decarbonisation strategy targeting its reduction, including via biofuel and battery powered tugs.
The Höegh Aurora is a multi-fuel capable vessel – cutting carbon emissions per car transported by 58 per cent compared to the current industry standard.
The uptake of EcoTow by Höegh Autoliners in Australia highlights the significant progress in maritime decarbonisation and potential net zero operations possible in the future.
In September, Svitzer also contracted the build of the world’s first battery electric-methanol hybrid TRAnsverse tug – which will offer carbon neutral towage for the majority of the tug’s operations. The tug design offers Port authorities and shipping line companies a towage solution able to support sustainable ‘Green Port’ and ‘Green Shipping Corridor’ ambitions.
Sebjørn Dahl, Chief Operations Officer at Höegh Autoliners, said:
“Höegh Autoliners is whole-heartedly set on achieving our 2040 net-zero emissions goal, and the EcoTow agreement with Svitzer on the Höegh Aurora’s visit to Australia illustrates our ongoing commitment in meeting these goals.
“We are proud to have secured the first-ever, low-carbon towage service in Australia and it is only appropriate that our innovative, world-leading Aurora Class vessel delivers this first, providing the opportunity to further reduce the carbon footprint of our customers’ value chains.”
Svitzer’s Managing Director for Australia, Videlina Georgieva, said:
“This is an exciting step forward for decarbonising shipping in Australia – and a demonstration of the significant contribution maritime can make toward a Net Zero future.
“We commend Höegh Autoliners for the industry leadership they have shown and their commitment to driving a cleaner, more sustainable future. We are thankful for the opportunity to work closely with our customers to reduce emissions while also providing sustainable, safe and reliable marine services.
“Svitzer has ambitious decarbonisation goals to have fully carbon neutral operations by 2040 and to reduce the carbon intensity of its tugboat fleet by 50 per cent by 2030. We hope this initiative provides some further impetus to the policy landscape in Australia where there is a major, but largely unmet, opportunity to accelerate bioenergy and electrification solutions in maritime decarbonisation.”
The Höegh Aurora’s maiden voyage to Australia occurred in late December 2024, departing 30 December after completing a four-port visit to Australia where it has transported cars to the Australian retail automotive market via ports at Fremantle, Melbourne, Port Kembla and Brisbane.
