Titan Salvage History - Titan Salvage

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Company History

Founded in 1980 by David Parrot, TITAN began as a one-tug towing firm, struggling to expand and make a name for itself. In 1982, TITAN’s tug NESTOR and her crew were hired as sub-contractors to assist a Dutch firm on a salvage and wreck removal operation in the Caribbean. When the job became economically unfeasible for the Dutch firm, TITAN took it over (more as a challenge than  asound business logic) and completed it. This success was a milestone for the company, marking it the first of a long series of salvages and wreck removal projects. Throughout the 1980s, the company acquired more tugs, barges and cranes, enabling it to build a regional salvage and wreck removal business in the Caribbean.

Dick Fairbanks joined TITAN in 1988. With a degree in Mechanical Engineering and years of experience accumulated during his tenure with General Electric’s Marine Steam Turbine Division, Dick brought a high degree of technical expertise to the company. Dick’s background in business and administration helped TITAN realized its’ full potential by enhancing its mobility and reducing overhead by selling its tugs and most of its floating equipment. This strategy, specifically designed to expand the area of operation globally by flying TITAN’S highly trained salvage teams, and chartering vessels of opportunity near the site of a casualty, was implemented in 1992. This approach has proven to be the correct choice for TITAN as well as the casualty owners, underwriters and P&I Clubs.

Crowley Maritime Corporation acquired TITAN Salvage, a worldwide salvage company based in Fort Lauderdale, Fla., in 2005. At the time of the acquisition, Tom Crowley Jr., chairman, president and CEO of Crowley Maritime, said, “The new company will take advantage of the experienced personnel, specialized equipment and proven track record at TITAN, and the large tug and barge fleet, diversified business lines, and financial strength of Crowley, to grow the business.”

Since its founding in 1980, Titan has forged a solid reputation for total commitment to serving the maritime industry's emergency response needs. Within our website you will see how Titan has provided rapid response and results - solving problems worldwide for ship owners, underwriters and government agencies. In addition to marine salvage and wreck removal services, TITAN excels at marine firefighting, vessel/ship lightering, underwater fuel removal, damage stability and other rapid marine emergency response services for the maritime industry. All are offered 24 hours a day, 7 days a week, 365 days a year. During the last five years, Titan has performed more than 70 major salvage and wreck removal operations, and more than 500 projects overall, including some of the largest and most difficult wreck removal operations ever accomplished. The TITAN/Crowley organization brings a high degree of flexibility, awareness, drive and willingness to finding a solution to any casualty or risk.

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