• BIST 92.935
  • Altın 189,054
  • Dolar 4,8292
  • Euro 5,5991
  • İstanbul 28 °C
  • Ankara 25 °C

No disposal discussion offered

No disposal discussion offered
Pacific Basin has informed that the PB Towage disposal discussion has not produced any offers, and the company will therefore keep the division in its ownership.

The outcome is believed to be influenced by the increasingly competitive landscape in the Australasian harbour and offshore towage and infrastructure support markets, which has led Pacific Basin to reassess the prospects for PB Towage, with a particular focus on its likely future cash flows, and to downgrade the outlook for its long-term earnings capability.

Pacific Basin announced previously that it had entered into an exclusive discussion with a third party regarding a possible sale of the its harbour towage business, after the company’s board had approved the sounding out of acquisition interest its entire harbour towage and offshore towage businesses in October 2013.

Pacific Basin also said that, following the above mentioned reassessment, a non-cash impairment charge of approximately $58.5m for vessels and related investments, and a further provision of approximately $2.5m are expected to be reflected in the company’s consolidated results for the six months ending June 30, 2014.

The company expects to record a net loss for the above mentioned period.

 

http://www.turkishmaritime.com.tr

This news is a total 1414 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Kleven to Build Up to Four Expedition Vessels for Hurtigruten25 April 2016 Monday 18:12
  • IMO Representatives Discussed Migrant Issues06 September 2015 Sunday 18:16
  • Golden Anchor Awards 201506 September 2015 Sunday 16:49
  • Asia Tankers-VLCC Rates Dropping15 August 2015 Saturday 12:44
  • USCG Increasing Arctic Presence14 August 2015 Friday 11:58
  • Fennica is on his way to Alaska06 August 2015 Thursday 12:21
  • Tidal Power in Alaska Villages04 August 2015 Tuesday 15:34
  • Egypt and Saudi Arabia define the maritime borders31 July 2015 Friday 10:17
  • Moby Dick is ''in'' again31 July 2015 Friday 09:51
  • NYK Vessel rescuses people!29 July 2015 Wednesday 14:52
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |