Titan Salvage Holds Opening Reception for New Salvage Response Facility in Singapore

(POMPANO BEACH, Fla.; October 21, 2009) TITAN Salvage introduced more than 200 guests to its newest salvage response facility in western Singapore Friday. The reception celebrated the opening of the 45,000 square-foot, self-contained facility, which will serve as Titan's corporate office in the region.

The complex features a fully equipped workshop to service and repair Titan's extensive inventory of salvage equipment, a dedicated diving equipment workshop and specialized storage and equipment handling space. The new facility allows for expedited emergency response in the region in support of Titan's continued international operations.

Attendees included members of the local maritime community along with Titan Salvage associates, partners and well wishers from the Netherlands, UK, Taiwan, China, the Philippines, Korea, South Africa and the U.S. Several members of Titan's worldwide team were present including Dan Schwall, managing director; Phil Reed, director of salvage & engineering; Mark Hoddinott, managing director, Europe and newly elected International Salvage Union President Todd Busch who is also senior vice president and general manager of Titan's parent company, Crowley.

During the event, Dan Schwall, managing director, reaffirmed Titan's commitment to the region and to exceeding customer expectations. He also took the opportunity to welcome Chandran Mathavan to the team. Chandran will be joining the Titan Singapore team as General Manager, Asia today and will assume responsibility for Titan's Singapore operations from Mark Hoddinott who will continue as managing director of Titan's European operations. Assisting Chandran in Singapore will be Commercial Manager Amit Wahi, Warehouse Manager Clifford Koh and many others.

This new facility is located at 8 Tuas Avenue 12, Singapore 639029 and can be reached by telephone at: +65-63187828 (24 hours) or fax: +65-63187829.