TITAN Salvage mobilizes and re-floats the New York State Canal Authority Dredge

(Pompano Beach, Fla.; July 10, 2009) — TITAN Salvage yesterday refloated a 300-ton, 10-inch Cutter Head Dredge HD1 that sank in the Palmyra, N.Y., section of the Erie Canal.

TITAN was contracted to do the job Wednesday and the work began the same day. Less than 24 hours later, TITAN had the dredge refloated.

TITAN’s next step is to redeliver the vessel to the Canal Corporation’s dry dock facility in Lyons, N.Y., about 13 nautical miles from the site of the incident.

For this refloating project, a team of six TITAN salvage experts were mobilized. They brought along portable salvage equipment including high volume, electric submersible pumps, patching equipment and heavy lift bags to deal with the dredge, which had been submerged in approximately nine feet of water. The dredge was carrying an estimated 2,000 gallons of marine diesel fuel onboard when it sank June 13. No pollution was reported during the refloating.

TITAN, a wholly owned Crowley subsidiary, is a worldwide marine salvage and wreck removal company based in Pompano Beach, Fla., that has performed over 400 salvage and wreck removal projects since 1980, including some of the most technically demanding projects ever undertaken. The company also has offices and equipment depots in Newhaven, UK and Singapore. Titan responds to vessel emergencies around the world and is able to mobilize a worldwide network of expert salvage professionals and specialized, portable equipment within hours of activation. TITAN is accessible 24 hours a day through the company’s main dispatch telephone number, +1-954-545-4143. Additional information about TITAN may be found at www.titansalvage.com.

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