Pacific Basin divests tugboats
Pacific Basin has been trying to divest the carrier's loss-inducing towage business PB Towage Australia for more than a year, and now the company has managed to do so. The dry bulk carrier informs in a statement that the company has sold the entire towage business and 16 tugboats to Smit Lamnalco, which also acquires another tugboat and a pram owned by PB companies.
Read the whole article
Get access for 7 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:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Pacific Basin warns of major loss on customer
For subscribers
Pacific Basin surpasses tough dry bulk market
For subscribers
Pacific Basin will move tugs to the Middle East
For subscribers