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    Pacific Basin sells towage business to Smit Lamnalco

    Company News // December 15, 2014

    Pacific Basin Shipping Limited and Smit Lamnalco have announced the sale to Smit Lamnalco of Pacific Basin's entire shareholding in PB Towage Australia (PBTA) (including all its harbour towage operations and 16 harbour tugs); and two additional assets (one harbour tug and one barge) currently owned by other PB companies.

    The transaction is expected to complete in January 2015 and will constitute the sale of Pacific Basin's entire harbour towage assets and activities.


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