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TITAN Salvage Awarded U.S. Navy Contract for Marine Salvage and Engineering Support

(Pompano, Fla.; February 15, 2012) ­– TITAN Salvage, a Crowley Maritime Corp. company, has been awarded a contract to serve as the commercial marine salvage and engineering support contractor for the Naval Sea Systems Command (NAVSEA), the division of the U.S. Navy responsible for engineering, building, buying and maintaining Navy ships and submarines and their combat systems. In this new role, TITAN will provide the Navy with marine salvage, salvage-related towing, harbor clearance, ocean engineering and point-to-point towing services in the event of an emergency or incident.

Crowley was first awarded this contract in 1976, and since then has been almost exclusively the sole service provider. Now, TITAN will continue the tradition.

“We are pleased that the U.S. Navy has entrusted TITAN with this contract and look forward to providing the Navy the same high level of service that Crowley has provided for the last 34 years,” said TITAN’s Rich Habib, vice president. “As a salvage industry leader, TITAN is well positioned to take on this contract. TITAN’s long record of global salvage, wreck removal and response to natural disasters prepares us well should the Navy call.”

TITAN is a proud member of the Marine Response Alliance (MRA), an association of emergency responders organized to provide ship owners trading in the U.S. with a full range of emergency services, including emergency towing, lightering and fire fighting. TITAN is also a member of the American Salvage Association (ASA) and the International Salvage Union (ISU), with TITAN principals having served, or currently serving, as executive members and office holders.

TITAN, a wholly owned Crowley subsidiary, is a worldwide marine salvage and wreck removal company based in Pompano Beach, Fla., that has performed over 350 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 the UK, Singapore, and Australia. 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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