Svitzer Bags Five-Year Contract Extension with NuStar
- Business & Finance
Svitzer, global towage operator and part of Maersk, has secured a five-year extension of its marine service contract with NuStar, one of the largest liquid terminals and pipeline operators in North America.
The company will support NuStar’s Point Tupper Oil Storage facility with three tugs on time charter, performing berthing and unberthing for calling tankers and safety standby services at the terminal.
Svitzer has been delivering towage services to NuStar in Point Tupper since 2010.
“At Svitzer, we are continuously looking to stabilise and expand our operations in Eastern Canada,” Arjen Van Dijk, Managing Director, Svitzer Americas, said.
“Our strategy for the Americas is to pursue further growth within a careful selection of projects and ports that fit our portfolio and capabilities well, and where our multi-local presence will make us a more efficient and reliable partner to our customers.”
In the Americas region, Svitzer employs 835 people, delivering marine services to global and regional customers across 14 countries.
The extension comes into effect on August 1, 2020.