The Australian shipping industry looks set to shrink even further with the Danish tug & salvage company SvitzerWijsmuller A/S, placing a bid for Adsteam Marine Limited. The deal which is currently going through hearings at The United Kingdom Competitions Commission looks set to be finalised during the first quarter of 2007. SvitzerWijsmuller A/S is a subsidary of AP Moller.
SvitzerWijsmuller.com