The shipowner confirmed the deal, which constitute the sale of its entire harbour towage assets and activities, in a statement Friday.
For its money Smit Lamnalco will takeover PBTA’s towage operations and 16 harbour tugs as well two additional assets, one harbour tug and one barge, owned by other PB companies.
The Hong Kong-listed shipowner said the transaction is expected to complete in January 2015.
“PB
