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    Five Oceans and SPO team for salvage services

    News // December 19, 2007

    Five Oceans Salvage Consultants Limited (FOS) and Swire Pacific Offshore Limited (SPO) have announced the formation of a 50:50 joint venture for the operation of salvage services.

    "Swire Ocean Salvage (Pte) Limited (SOS) will combine the strengths of both companies in order to provide cutting edge salvage, wreck removal and emergency towage services to ship owning and insurance interests around the world,"saidSPO in a statement.

    The JV will have the capability to mobilise modern and dedicated salvage equipment based in warehouses in Singapore, Dubai, West Africa and Greece to respond to all types of marine casualty.

    Five Oceans Salvage Consultants have successfully performed five Lloyds Open Form salvage contracts so far in 2007.


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