South Sea Lines Ltd - Lae, Papua New Guinea
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Company name
South Sea Lines Ltd
Location
PO Box 1531, Morobe Province, Speybank Street, Lae, Papua New Guinea
Contact number
Fax
+675 479 5960
Website address
Company description
South Sea Lines started life as wholly owned subsidiary of Lae Builders and Construction.
Its primary purpose was to transport equipment and machinery to distant and remote areas where construction work was to be carried out. The vessels were also used to transport log and timber from forestry areas back to their Lae sawmill. The vessels used were tug and barge combinations.
In 2010 negotiations commenced with Bacasa Ltd, a Lihir Landowner Company. The end result of these negotiations was the sale of 51% of the company to Bacasa. In early 2015, Bacasa purchased the 49% shareholding held by LBC. In late 2015 MRL Capital purchased all of the assets of Bacasa including South Sea Lines.
Its primary purpose was to transport equipment and machinery to distant and remote areas where construction work was to be carried out. The vessels were also used to transport log and timber from forestry areas back to their Lae sawmill. The vessels used were tug and barge combinations.
In 2010 negotiations commenced with Bacasa Ltd, a Lihir Landowner Company. The end result of these negotiations was the sale of 51% of the company to Bacasa. In early 2015, Bacasa purchased the 49% shareholding held by LBC. In late 2015 MRL Capital purchased all of the assets of Bacasa including South Sea Lines.
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