It sold its 50% stake in OMSA to Skilled Offshore for AUD 12m ($10.5m).

The main activity of OMSA is the execution of tug and barge contracts for the Gorgon LNG project.

As the project is almost completed, the ships have now been redelivered.

The latest disposal follows a cash dividend of AUD 6.1m from OMSA on 13 November.

Pacific Basin said it expects to generate $3.5m