Ardent Carries Out 125 Salvage Contracts in Two Years
- Business & Finance
Salvage and wreck removal company Ardent has completed 125 contracts without a lost time incident as it marked its second birthday with on May 1, 2017.
“Despite the initial focus on implementing the merger and challenging market conditions Ardent has successfully won and executed 125 contracts over the last 2 years,” Peter Pietka, Ardent CEO, said.
“Salvage operations are inherently risk filled and completing 125 contracts without a single lost time incident is a testament to the professionalism of our teams,” Pietka added.
During the last month, Ardent teams have completed high profile Emergency Response contracts on four continents.
In late April, 2017, Ardent signed for the removal of the sunken Fluvius Tamar vessel from the English Channel, the largest wreck removal contract awarded so far in 2017, according to the company.
Ardent has also reorganized its business into two business pillars, the Emergency Management pillar covering Emergency Preparedness and Response, and the Projects pillar covering Wreck Removal, Offshore Decommissioning and Subsea Services.
The new structure is intended to ensure “that we for both business areas have ‘fit-for-purpose’ processes, resources and culture,” Pietka said, adding that the new structure also intends to secure the company’s focus on its original core business while increasingly offering adjacent services.
In May 2015, Svitzer Salvage, a part of the Maersk Group, and Titan Salvage, a part of the Crowley Holdings Inc., merged to form Ardent. The company continues to be 50 percent owned by Svitzer and 50 percent owned by Crowley.
“Whereas we have done well in the market place it is also true that over the past two years, a tremendous amount of focus has gone into internal issues related to the merger implementation and the recent organizational restructuring. We look forward to the next stage,” Pietka informed.