Northwire Canada EditionThursday, July 16, 2026
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HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.08 −5.3% NOBL 0.100 +0.0% SHL 0.350 −1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.49 +0.7% CAM 0.330 −1.5% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.210 +10.5% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.08 −5.3% NOBL 0.100 +0.0% SHL 0.350 −1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.49 +0.7% CAM 0.330 −1.5% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.210 +10.5%
M&A / Property

Cleango adds WSR Services as agent for Cyprus

CGII · Price

Executive Summary

  • Cleango Innovations Inc. signed an exclusive agency agreement with WSR Services Ltd. (an affiliate of the UW Group) to serve as its exclusive agent for the territory of Cyprus, effective January 13, 2026.
  • The partnership aims to spearhead the global launch and Mediterranean expansion of Cleango's dedicated Maritime division, "Cleango Marine," leveraging Cyprus as a strategic hub for European and Middle Eastern maritime corridors.
  • The agreement focuses on distributing Cleango's eco-certified solutions, specifically the flagship product CG-M100, a non-toxic, Green Seal-certified dispersant compliant with MARPOL Convention MEPC 63, Annex 5.

Key Details

  • Agreement Structure: Exclusive agency agreement for the territory of Cyprus.
  • Counterparty: WSR Services Ltd., an affiliate of the UW Group based in Limassol.
  • Effective Date: January 13, 2026.
  • Strategic Goals:
    • Facilitate distribution of proprietary technology across European and Middle Eastern maritime corridors.
    • Target the ship repair and conversion sectors.
    • Explore establishment of a low-cost manufacturing and distribution hub in Athens, Greece (discussions initiated with local strategic partners).
  • Product Focus:
    • CG-M100: Flagship non-toxic, Green Seal-certified dispersant for vessel and tanker cleaning.
    • Compliance: Fully compliant with MARPOL Convention MEPC 63, Annex 5 requirements.
    • Benefits: Non-toxic alternative to hazardous chemicals; prevents toxic runoff; safer for maritime crews.
  • Upcoming Activities: A high-level Cleango delegation is scheduled to visit Cyprus in late February 2026 to present technologies to major regional stakeholders, including the Cyprus Hydrocarbons Company.

Notable Quotes

  • Anthony Sarvucci, CEO: "Launching Cleango Marine with an exclusive partner like WSR Services in Cyprus is a transformative step for our company. This agreement provides us with an immediate, high-level entry into the global shipping market. By replacing hazardous chemicals with our proprietary green technology, we are not just offering a product; we are providing a path for the maritime industry to meet its ESG [environmental, social and governance] goals without compromising performance."
  • Vangelis Tsangarides, Director at WSR Services: "We are honoured to lead the launch of Cleango Marine in the Mediterranean. The demand for MARPOL-compliant, non-toxic solutions is growing rapidly, and Cleango's technology is the most effective solution we have seen. We look forward to a long and successful partnership that benefits our clients and the environment."
Read the original news release →

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