Pacific Basin Shipping Limited, one of the world's leading dry bulk shipping companies, and Smit Lamnalco, a leading provider of international terminal towage and marine services to the oil and gas industry, announced the sale to Smit Lamnalco of:
(a) Pacific Basin's entire shareholding in PB Towage Australia ("PBTA"), including all its harbour towage operations and 16 harbour tugs; and
(b) two additional assests (one harbour tug and one barge) currently owned by other PB companies. The transaction is expected to be completed in January 2015 and will constitute the sale of Pacific Basin's entire harbour towage assets and activities.
Mats Berglund, CEO of Pacific Basin, said: "Pacific Basin has been engaged in the harbour towage business since 2007. PB Towage Australia has done a great job for its customers, establishing itself as a leading provider of harbour towage services with a good reputation as a safe and quality-conscious operator. As we have previously stated, however, our strategy is to enhance our focus on our cornerstone, the dry bulk business.
We are happy that, through this agreement with Smit Lamnalco, we are making good progress on our strategy while ensuring the PBTA business and its excellent team can continue to operate as a going concern under the ownership of a highly reputable towage group."
Tony Cousins, Managing Director of PB Towage Australia, added: "This is a very welcome development for all employees and clients of PB Towage Australia. Acknowledging the excellent role Pacific Basin has played in establishing a quality harbour operation over the last seven years, Smit Lamnalco now brings the specialist towage capability and coverage necessary to compete on an international scale. We look forward to continuing to develop and grow our Australian business to provide a stable, long term and sustainable towage option to the Australian ports and shipping community."
Smit Lamnalco CEO Daan Koornneef concludes: "We are excited by the acquisition of PB Towage Australia, the second largest player in the country, which will enable the expansion of our footprint into Australia. Smit Lamnalco will be active in eight ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services. PBTA and Smit Lamnalco share the same safety, quality and customer-focused values which will ensure a good fit and smooth transition. We look forward to welcoming to our group PBTA's team of experienced staff and crew, and to offering continued excellent service to PBTA's customers – current and new."
(Source: press Boskalis)
According to the website of Pacific Basin the following harbour tugs are operational for PB in Australia:
PB Murray Newcastle 2008 Australian 298 T 24.7m 12.6m 5.9m 5600 BHP ATD 69 T bp
PB Daintree Brisbane 2010 Australian 250 T 24.5m 11.3m 5.5m 5600 BHP ASD 68 T bp
PB Endeavour Botany 2010 Australian 250 T 24.5m 11.3m 5.5m 5600 BHP ASD 68 T bp
PB Plenty Melbourne 2010 Australian 250 T 24.5m 11.3m 5.5m 5600 BHP ASD 68 T bp
PB Darling Newcastle 2008 Australian 298 T 24.7m 12.6m 5.9m 5600 BHP ATD 68 T bp
PB Diamantina Newcastle 2008 Cook Islands 472 T 32.0m 11.6m 5.7m 5000 BHP ASD 65 T bp
PB Leichhardt Townsville 2010 Australian 294 T 28.7m 10.4m 4.8m 5000 BHP ASD 58 T bp
PB Herbert Townsville 2010 Australian 294 T 28.7m 10.4m 4.8m 5000 BHP ASD 58 T bp
PB Hunter Melbourne 2000 Australian 297 T 29.0m 9.5m 3.8m 4000 BHP ASD 54 T bp
PB Botany Newcastle 2000 Australian 297 T 29.0m 9.5m 3.8m 4000 BHP ASD 54 T bp
Flinders 1 Onslow 1995 Australian 214 T 26.1m 8.5m 3.5m 3200 BHP ASD 43 T bp
PB Koumala Townsville 1983 Australian 428 T 34m 10.82m 4.5m 4200 BHP ASD 57 T bp
PB Kungurri Sydney 1983 Australian 428 T 34m 10.82m 4.5m 4200 BHP ASD 57 T bp
Sterling Sydney 2005 Australian 327 T 27.4m 11.5m 5.2m 5000 BHP ASD 60 T bp
PB Beadon 2009 Australian 46 T 16.56m 5.54m 2.54m 1200 BHP 16 T bp
PB Fitzroy 2008 Australian 415 T 28.2m 11.5m 5.2m 5000 BHP ASD 65 T bp
Photo: Pacific Basin Towage's ASD Tug PB Leichhardt