Maersk drops Svitzer towage division

A.P. Moller-Maersk A/S (APMM) has initiated the de-listing and separate listing of its towage and marine services subsidiary Svitzer A/S, which dates back almost two centuries and is arguably one of the oldest towage and salvage companies in the world.

Maersk became a majority shareholder in Svitzer in 1979 (Svitzer)

A.P. Moller-Maersk A/S (APMM) has initiated the de-listing and separate listing of its towage and marine services subsidiary Svitzer A/S, which dates back almost two centuries and is arguably one of the oldest towage and salvage companies in the world.