AUSTRALIA

Skilled in, Mermaid out

SKILLED Group's PB Sea-Tow buyout will help it benefit from the operations phase of the Gorgon LNG project while Mermaid Marine will be hit by a decline in Western Australian LNG project spending, according to Macquarie Wealth Management.

Blair Price

The broker was in favour of Skilled's nearly $7 million buyout of OMSA joint venture partner PB Sea-Tow. "The business will be put together with the recently acquired Broadsword business," Macquarie...

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