Pac Basin targets Australian LNG terminal tug business

Hong Kong: PB Towage Australia, the harbour towage division of Hong Kong’s Pacific Basin, and BOLUDA Towage & Salvage have signed a cooperation agreement that will see the companies submit joint bids for upcoming Australian LNG terminal tug contracts. The move is part of an overall strategy by Hong Kong-listed Pacific Basin to be less reliant on the dry bulk trades.

PB Towage Australia has achieved considerable growth since entering the Australian harbour towage market in 2007, now providing towage services in Sydney, Melbourne, Brisbane, Townsville and Onslow with ancillary marine operations in Fremantle and Bunbury.  [10/07/12]

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