Jawar Al Khaleej Shipping LLC and SVITZER Announce Joint Venture Operating Agreement

16th February ,2013 Dubai, U.A.E

Jawar Al Khaleej Shipping LLC and SVITZER have announced the formation of a joint venture to provide marine services with emphasis in the business of offshore salvage, wreck removal and support services to the offshore industry using its own specialist resources and vessels and equipment .

Both companies have longstanding histories of providing specialized services to the marine and offshore industry.

The companies complementary business models offer clients a comprehensive package for their marine ,offshore logistics and salvage needs.

The joint venture will be mainly focused on the oil and gas , offshore ,harbor support, salvage industries supporting the growing needs within the middle east .

Because of the companies strong ties to the communities in which they work, they are able to facilitate local hire and provide local expertise.

This new partnership is really tailored to meet the needs of customers in the oil and gas, offshore , salvage industries. The JV is structured to provide turnkey marine solutions in the middle east utilizing both companies diverse capabilities , assets and world class project management skills.

Our marine solutions team are very much looking forward to working with clients and provide greater value to customers with multifaceted marine and offshore support.

We look to provide greater efficiency, lower costs , expand capabilities and add higher value to our customers through this joint venture.

Both our companies have a strong commitment to the safety of our employees and those we work with and strive to be good citizens in every community in which we operate.

Svitzer is established in The Netherlands and is an expert and experienced in the business of offshore salvage, wreck removal and support services. Further details are available on the website www.svitzer.com

Jawar Al Khaleej Shipping LLC is a wholly owned subsidiary of Al Jazaeri Group of companies and are fleet owner of marine & offshore vessels including wreck removal vessel, Anchor handling tugs, barges , Oil spill recovery vessel Etc . Providing logistical support both on land and offshore Iraq and GCC , established in Dubai, UAE.