PSA take-over of PB Towage is imminent

The towage unit of Pacific Basin can soon be absorbed by Singapore based PSA Marine. However, the offshore unit is no longer part of the deal, CEO Mats Berglund reveals to ShippingWatch.

BY TOMAS KRISTIANSEN

The streamlining of Pacific Basin is expected soon to lead to the final sell-off of Pacific Basin’s harbor towage business. Pacific Basin CEO, Mats Berglund, tells ShippingWatch that exclusive discussions with PSA Marine are being held right now with the aim to conclude the take-over. The final negotiations and due diligence process by PSA is the only barrier now hindering the creation of a new substantial Asian-Pacific stakeholder in the harbor towage segment.

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PSA take-over of PB Towage is imminent

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Spot prices for container freight continue to rise

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Spot prices for container freight continue to rise