Pacific Basin forced to cancel sale of towage division
Pacific Basin's attempt at divesting its towage business has failed, and the company is now forced to perform a major impairment and faces a combined deficit for the first half of 2014.
BY OLE ANDERSEN
Hong Kong-based Pacific Basin Limited has abandoned the sale of its tugboat business PB Towage, says the company on Wednesday.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
PSA take-over of PB Towage is imminent
For subscribers
Boskalis to invest EUR 300 million in 2014
For subscribers
Pacific Basin in new seven ship order
For subscribers
.jpg&w=384&q=75)
