Svitzer's Strategic Expansion: A 9-Year Terminal Towage Contract with Oman LNG

Svitzer, a leading global towage and marine services provider, has announced a significant strategic expansion with the signing of a 9-year terminal towage contract with Oman Liquefied Natural Gas LLC (Oman LNG). This new contract, which commences at the beginning of 2026, covers the time charter of four newbuild 65-ton bollard pull azimuth stern drive tugs to support the berthing and unberthing of LNG and NGL tankers at the jetty in Qalhat LNG Terminal. In addition to towage services, Svitzer will provide firefighting capabilities, escort duties, pilot boarding, and dive support, further solidifying its position as a comprehensive marine services provider.

This contract aligns with Svitzer's growth strategy, as it not only expands its fleet but also strengthens its presence in the Middle East and the broader region. With this new contract, Svitzer continues to build on its established operations in Oman, where it has been a key towage and marine services provider since 2005. The company's Managing Director in AMEA, Deniz Kirdar True, commented on the contract, stating: "This new contract not only aligns with Svitzer’s growth strategy, it is also an important step in solidifying our position in Oman and the broader region. We are proud that Oman LNG have placed their trust with us to manage their towage operations, and we look much forward to providing safe and reliable services in their terminal."



The 9-year duration of the contract provides Svitzer with a stable and predictable revenue stream, allowing it to plan for future growth and investments. The additional services offered by Svitzer, such as firefighting capabilities, escort duties, pilot boarding, and dive support, are expected to contribute to the company's revenue growth and potentially improve its EBITDA margin. These services cater to the diverse needs of clients, enhancing Svitzer's competitive advantage and market position in Oman and the broader region.



In conclusion, Svitzer's 9-year terminal towage contract with Oman LNG is a strategic move that aligns with the company's growth strategy and solidifies its position in the Middle East and the broader region. The contract's long-term duration, additional services, and expansion of Svitzer's fleet are expected to contribute to the company's revenue growth and potentially improve its EBITDA margin. This contract further demonstrates Svitzer's commitment to providing comprehensive, reliable, and high-quality marine services to its clients.