TITAN Takes Over as Marine Salvage Contractor of U.S. Navy’s 3rd Fleet, SMIT Closes Deal in Singapore

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February 15, 2012

A key defense contract will be staying in the Crowley family of companies, according the Crowley subsidiary TITAN Salvage.

The salvage and wreck removal company TITAN Salvage said today in a press statement that they have been awarded a long-standing contract with the U.S. Navy’s 3rd Fleet (West Coast US) to provide emergency commercial marine salvage and engineering support to the Naval Sea Systems Command, or NAVSEA, the division of the Navy responsible for engineering, building and buyings and maintaining ships and submarines.  Under the contract TITAN will provide the Navy with  marine salvage, salvage-related towing, harbor clearance, ocean engineering and point-to-point towing services in the event of an emergency or incident.

“We are pleased that the U.S. Navy has entrusted TITAN with this contract and look forward to providing the Navy the same high level of service that Crowley has provided for the last 34 years,” said TITAN’s Rich Habib, vice president. “As a salvage industry leader, TITAN is well positioned to take on this contract. TITAN’s long record of global salvage, wreck removal and response to natural disasters prepares us well should the Navy call.”

SMIT Singapore received a similar package from the US Navy today as well with contract coverage reaching throughout the Western Pacific Ocean.  SMIT Singapore receives a maximum a $43 million contract, with work expected to complete by February 2013, and options that could take the contract to 5 years and $215 million.

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