Hubline Bhd expects its shipping business in Papua New Guinea (PNG) to grow
significantly through a tie-up with PNG Gulf Provincial government (Gulf Oil and Gas Corp
Ltd), and two HK investment companies Energy Pro Ltd (EPL) and East Ocean Asia
Pacific Investment Ltd (EOAPIL) is scheduled to be signed in three months, according to
CEO Dennis Ling.
• Ling said the JV company would undertake businesses to provide shipping and logistic
support, mobilisation works and procurement of materials related to liquified natural gas
(LNG) and other resource-based projects in PNG Gulf Province.
• Hubline, the sole foreign shipping firm to operate domestic services covering five ports in
PNG, will hold a 65% stake in the JV while the balance will go to GOGCL (20%),
EOAPIL (10%) and EPL (5%). (Star)
significantly through a tie-up with PNG Gulf Provincial government (Gulf Oil and Gas Corp
Ltd), and two HK investment companies Energy Pro Ltd (EPL) and East Ocean Asia
Pacific Investment Ltd (EOAPIL) is scheduled to be signed in three months, according to
CEO Dennis Ling.
• Ling said the JV company would undertake businesses to provide shipping and logistic
support, mobilisation works and procurement of materials related to liquified natural gas
(LNG) and other resource-based projects in PNG Gulf Province.
• Hubline, the sole foreign shipping firm to operate domestic services covering five ports in
PNG, will hold a 65% stake in the JV while the balance will go to GOGCL (20%),
EOAPIL (10%) and EPL (5%). (Star)
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