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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Pacific Basin: Bulk on the edge of a turn-around

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Robert Maersk Uggla: Constant care is core value

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

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Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs