MOU agreed in December TITAN & VERNICOS to create the largest salvage company of the Mediterranean

20.02.2015

TITAN Salvage, Crowley Maritime Corp.’s Houston-based marine salvage, emergency response and wreck removal company, announces the formation of a partnership with Vernicos, the leading tug and salvage provider in Greece controlling a fleet of more than 30 tugs through its Piraeus and Thessalonica consortiums.

The partnership makes TITAN-Vernicos the largest and most powerful maritime salvage and towing, consortium in the Mediterranean, Gibraltar, Black Sea and Suez Canal regions with theist strengths in wreck removal in the region.


TITAN brings to the partnership experience in the world’s most technically challenging salvage and wreck removal jobs in history, along with a cache of specialized, proprietary equipment – which will now be strategically stored at Vernicos’ various depots, including Perama. Vernicos, which is one of the oldest tug and salvage companies in Greece with 150 yrs experience, has not only a wealth of salvage experience, but also owns the largest fleet of salvage and emergency response tugboats in the Mediterranean. The two companies share similar corporate values of safety, integrity and high performance.


This joint venture strategically combines the world’s leading salvage, emergency response and wreck Removal Company with the largest provider of tugs in the region, said TITAN’s representatives. The combined experience and abilities allow the TITAN-Vernicos team to handle casualties of all types and sizes, with the shortest response time frames – 24/7, 365 days a year – leading to prompt actions towards successful results.
The TITAN/Vernicos Alliance allows us to be the Most effective provider of salvage emergency response in the region. It allows for a more well rounded emergency Response effort in a more timely manner.


It is a joint effort between TITAN/VERNICOS to protect our seas, says, John C. Lemos. Overall it’s a more pro active effort to Emergency response in the Mediterranean and surrounding regions.
Source: Vernicos Salvage and Towage

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