Subscribe to RSS feedMajor turnaround for PB Towage
Hong Kong’s Pacific Basin Shipping has reported explosive growth in its Australian-based PB Towage subsidiary, including a substantial turnaround in profitability.
PB Towage has secured three new Australian contracts, including work with the $50bn Gorgon project off WA (Photo: Southern Cross Maritime)
According to the just-released interim results, PB Towage made a net profit in the first half of 2009 of US$1.6m (A$1.93m) compared to a loss in the equivalent period last year of US$5.8m.
The company said it has acquired the minority...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Ray Fehlberg, “supply chain champion,” passes away
- China’s coal and ore orders face default or delay
- Tassie exporters get a boost
- Tacoma box volumes up 4.3%
- ID Integrity safely towed to Cairns
- Titan Maritime begins removing Tycoon wreck
- Drought threatens next Australian grain harvest
