Top management of US-based salvage and offshore decommissioning company Ardent will buy-out the company from founding partners Svitzer and Crowley after receiving financial support. The financing will come from AURELIUS Finance Company, an alternative direct lender. The deal will see Ardent’s senior management team become shareholders in the company. The financial terms … [Read more...]
Ardent Partnership Creates New Salvage Leader in Eastern Mediterranean
Global maritime salvage company Ardent has teamed up with one of Greece's largest providers of tugs and a leading expert in pollution control in the region to provide emergency response services in the Eastern Mediterranean. The partnership combines the expertise of Ardent and two Greece-based companies, Vernicos Tugs and Salvage and Environmental Protection of … [Read more...]
Kea Trader Wreck Hit by Two Cyclones, Causing Shift on Reef
Two powerful cyclones within a month have caused the further deterioration of the wreck of the wreck of the Kea Trader off New Caledonia in the South Pacific, further complicating the salvage, the owner of the vessel said Monday. Over the weekend, the wreck site was hit with its second cyclone, Cyclone Hola, just three weeks after it was also hit by Cyclone Gita. In … [Read more...]
Salvors Forging Ahead with Kea Trader Salvage
Marine salvage group Ardent is continuing operations on the Kea Trader, despite the vessel’s broken hull. The 2017-built Kea Trader ran aground in New Caledonia on July 12, just a few months after entering service. Ardent had assumed the salvage with a high emphasis towards environmental effects of the grounded vessel. The owner of the Kea Trader, Lomar Shipping, declared … [Read more...]
UK Signs Emergency Towing Vessel ‘Ievoli Black’ to 5-Year Contract Off Scotland
The UK’s Maritime & Coastguard Agency (MCA) has signed a 5-year agreement with the marine salvage company Ardent for emergency towage services off the north and north-western coasts of Scotland using the tug Ievoli Black. The 2,283 gross tonnes Ievoli Black, owned by Italian shipping company Marnavi, measures 70 meters and has a towing capacity of 139 bollard pull. It is … [Read more...]