Over 700 Barges Stranded by Mississippi River Closure in Memphis Due to Bridge Crack
The U.S. Coast Guard said 44 vessels with a total of 709 barges are now in the queue as a 1-miles stretch of the Mississippi River remains closed after a...
Royal Boskalis Westminster N.V. announced today that its subsidiary Smit Lamnalco will be expanding its presence in Australia through the acquisition of PB Towage from dry bulk shipper Pacific Basin Shipping Ltd.
PB Towage is Australia’s second-largest tug operator and as a result of this acquisition, Smit Lamnalco will acquire 17 harbor tugs and one barge bringing its total fleet in Australia to 29 vessels in 8 different ports.
Services include harbor towage, terminal and FPSO-related services.
Mats Berglund, CEO of Pacific Basin shipping notes shedding the PB Towage assets will allow his company to “enhance our focus on our cornerstone dry bulk business.”
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