Search results for: PACC Offshore Services

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A list of search results

  • 19 February 2016

    PACC Offshore Services (POSH), a Singapore-based provider of offshore support vessels, has posted 29% growth in revenues in 4Q 2015 when compared to 4Q 2014, primarily due to growth in the offshore accommodation business.  PACC Offshore Services’ revenues for 4Q 2015 amounted to $71.8 million, up 29% when compared to 4Q 2014 and revenues of $55.8 […]

  • 26 April 2016
    Business & Finance

    Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has signed long term charter agreements for eight offshore supply vessels (OSVs) at a combined value of USD 167.5 million with an undisclosed Saudi Arabian national oil and gas major. Under the charter deals, the company will supply eight anchor-handling, supply and safety standby vessels, of which six […]

  • 17 April 2014
    Business & Finance

    PACC Offshore Services Holdings Ltd. (“POSH”), a Singapore-based operator of offshore support vessels has today launched its Initial  Public Offering  on the Main Board of the Singapore Exchange Securities Trading Limited.   The Offering The Company, in consultation with its Joint Issue Managers, Bookrunners and Underwriters, BofA Merrill Lynch, DBS Bank and OCBC Bank, has […]

  • 1 February 2016
    Business & Finance

    Malaysian Bulk Carriers Berhad (Maybulk) has issued a profit warning claiming it expects to record a substantial loss for the fourth quarter of 2015 and the financial year ended 31 December 2015. The losses are mainly attributable to the dry bulk market which continues to be weak and it is uncertain when the market will […]

  • 12 July 2018
    Business & Finance, Operations & Maintenance, Ports & Logistics

    Singapore-headquartered offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), and Taiwan-based logistics firm Kerry TJ Logistics have established a joint venture (JV) company POSH Kerry Renewables to provide integrated supply chain and marine solutions to the offshore wind sector in Taiwan. 

  • 10 January 2019
    Business & Finance, Operations & Maintenance

    PACC Offshore Services Holdings (POSH) has appointed Kurush Phiroze Contractor to lead its subsea services division. Contractor (58) was chief executive officer of Singapore-based subsea service provider Kreuz Group from 2008 to 2017. In his new role, effective January 2, 2019, the industry veteran will be responsible for development and growth of POSH Subsea Division. […]

  • 22 November 2012
    Business & Finance

    PT Wintermar Offshore Marine Tbk (WINS) and PACC Offshore Services Holdings Pte Ltd (POSH) have announced their agreement to enter into a joint venture aimed at the Anchor Handling, Towing & Supply vessels Indonesia. The joint venture will own and operate two units of Indonesian flagged 100+ tons bollard pull AHTS, “WINPOSH Rampart” and “WINPOSH […]

  • 22 March 2016
    Business & Finance

    Offshore support vessels operator POSH Semco, a wholly-owned subsidiary of PACC Offshore Services Holdings (POSH), has launched legal action against Makamin Offshore Saudi (MOS) related to owed charter fees for three vessels. The company is claiming a sum of SAR 24.4 million (USD 6.5 million) due from Makamin for the charters as well as charges for meals and accommodation and interest charges. Additionally, […]

  • 17 July 2014
    Business & Finance, Project & Tenders

    PACC Offshore Services Holdings Ltd. has signed a term sheet with Grupo Pegaso, a Mexican conglomerate. Pursuant to the term sheet, Grupo Pegaso will acquire interests in the Company’s joint ventures in Mexico which are involved in the owning and chartering of offshore support vessels.The parties are now working towards signing a definitive agreement. Grupo […]

  • 24 April 2014
    Business & Finance

    PACC Offshore Services Holdings Ltd. has received strong support in an Initial Public Offering on the Main Board of the Singapore Exchange Securities Trading Limited this year. Related: PACC Offshore Services Holdings files for IPO of up to $311M As at the close of the Public Offering at 12 noon on April 23, 2014, there were […]

  • 23 December 2014
    Equipment, Exploration & Production

    POSH Xanadu, a flotel owned by Singapore’s  PACC Offshore Services Holdings Ltd (POSH), has left a Chinese yard and is now on its way to Brazil. The semi-submersible accommodation vessel of the Eide Flex design, will work for Petrobras, supporting the oil company’s oil and gas production activities in the Campos Basin. POSH Xanadu, which will be […]

  • 11 January 2016
    Project & Tenders, Vessels

    Specialist offshore service contractor, POSH Terasea, on Saturday said it has been contracted to provide towage and positioning services for Shell’s Prelude FLNG facility.

  • 31 March 2016
    Business & Finance

    Singapore’s PACC Offshore Services has secured a contract extension in Brazil for its POSH Xanadu semi-submersible accommodation vessel. The company, also known as POSH, said the POSH Xanadu would keep on working in the Campos Basin for another year. The flotel, delivered by a Chinese shipyard in late 2014, has been operating in Brazil since […]

  • 26 April 2016

    Offshore marine services provider, PACC Offshore Services Holdings (POSH), has been awarded long-term charters for eight offshore supply vessels with a combined value of approximately $167.5 million by a Middle Eastern national oil company. The group will supply eight Anchor-Handling, Supply and Safety Standby vessels, of which six will be newbuilds. The vessels, on a […]

  • 8 April 2019

    Singapore offshore vessel specialist PACC Offshore Services Holdings, has informed that its CEO Gerald Seow would retire.

  • 24 June 2016

    PACC Offshore Services Holdings (POSH) has been awarded a contract to provide accommodation vessel to support Shell’s Prelude floating LNG facility.

  • 21 July 2014
    Business & Finance

    A Singapore-registered barge POSH Mogami sank 2 nautical miles northeast of Sekupang, Batam Island Indonesia, on Friday (18 July) night claiming the lives of three people, the Maritime and Port Authority of Singapore (MPA) reported.   There were nine persons on board the barge, owned by PACC Offshore Services Holdings (POSH), when the incident happened. […]

  • 2 October 2017

    Norway’s shipowner Havila Shipping has sold another anchor handling tug and supply (AHTS) vessel jointly operated with POSH. Havila said it sold and delivered the AHTS vessel POSH Viking to an undisclosed buyer last Friday. The company added that the sale was carried through as a part of the financial restructuring, and has limited effect […]

  • 24 February 2016
    Business & Finance

    Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), has secured long-term charters for five vessels in the Middle East with a combined contract value of approximately $85 million. The first contract is for the group to supply four new utility vessels to the specific requirements of a Saudi Arabian national oil and gas major, primarily to […]

  • 19 October 2016
    Business & Finance, Equipment

    MacGregor, part of Cargotec, has won deck machinery orders for six 64m anchor handling tug supply (AHTS) vessels being built for long-term charter in the Middle East to Saudi Aramco. The order is booked in Cargotec’s 2016 third quarter order intake. MacGregor was awarded the contract by PaxOcean Engineering to supply six sets of deck […]

  • 21 March 2016

    Singapore’s offshore ship owner PACC Offshore Services, aka POSH, has sued a Saudi client seeking a $6.6 million sum. POSH on Monday said the company started legal action against Makamin Offshore Saudi, to recover approximately SAR24.4 million (approximately US$6.6 million) the Saudi operator owes. According to the shipowner which has vessels under contract with Makamin, […]

  • 22 May 2014

    PACC Offshore Services Holdings Ltd. (POSH), a Singapore-based supplier of offshore support vessels to the international oil & gas industry, is having problems with collecting cash in Mexico.