Search results for: posh

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  • 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 October 2017
    Business & Finance

    Norway’s shipowner Havila Shipping has entered into agreements for the sale of two of its anchor handling tug and supply (AHTS) vessels. Havila said on Tuesday that the vessels in question were the POSH Vibrant and POSH Virtue. According to the company, the vessels are expected to be delivered to the new owner during the […]

  • 20 September 2019

    POSH Terasea, a provider of towing services for the international offshore oil and gas industry, has defaulted on a loan. According to Pacc Offshore Services Holdings (POSH), a 50 percent partner in the Posh Terasea joint venture, towing provider Posh Terasea has defaulted on a loan extended by a financial institution. “The outstanding amount of […]

  • 6 November 2019

    Singapore’s offshore vessel operator Pacc Offshore Services Holdings has found work for its offshore vessel POSH Endurance. In its quarterly results report earlier this week, the company also known as POSH said that the contract for the POSH Endurance unit was signed in October. POSH, which has this week also received a takeover offer from […]

  • 30 January 2019
    Business & Finance

    Unique Group has entered into a contract with Singapore-based POSH Subsea to offer integrated diving solutions.

  • 24 June 2016
    Exploration & Production, Infrastructure

    Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (“POSH”) has been awarded a contract to support Shell’s Prelude floating liquefied natural gas facility using its semi-submersible accommodation vessel the “POSH Arcadia”. According to POSH, which won the contract with Technip Oceania Pty Ltd through its subsidiary POSH Semco, the POSH Arcadia will be deployed to provide […]

  • 24 August 2018
    Business & Finance, Exploration & Production

    Petrobras has awarded a second charter to the POSH-owned semi-submersible accommodation vessel (SSAV) POSH Xanadu. 

  • 6 April 2016

    A dispute is heating up between the Saudi offshore vessel provider Makamin Offshore, and Singapore’s shipowner POSH, following the legal proceedings initiated in Saudi Arabia by POSH in March, 2016. Makamin has rejected all the claims made by POSH, and has filed a counter lawsuit. To remind, POSH Semco in March started a legal action against […]

  • 5 March 2013
    Business & Finance

    Singapore’s PACC Offshore Services Holdings (POSH), through its EPIC division, today announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the  JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea contributes four units of newbuilding modern deepwater 16000BHP Anchor […]

  • 25 April 2017

    Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH Vibrant, and POSH Virtue, is operated by POSH Havila Pte Ltd, […]

  • 11 January 2016
    Infrastructure

    Offshore service contractor POSH Terasea has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (“FLNG”) platform – the world’s largest offshore facility ever constructed. POSH Terasea is a joint venture between PACC Offshore Services Holdings Ltd. (“POSH”) and Terasea Pte. Ltd., which is in turn a […]

  • 25 January 2019
    Business & Finance, Equipment, Operations & Maintenance

    Unique Group has entered into a contract with Singapore-based POSH Subsea to offer integrated diving solutions. As part of the agreement, Unique Group will design, manufacture and deliver Classed Air and Saturation Dive systems for integration on POSH’s vessels. Under this partnership, Unique Group will be supplying a holistic suite of classed air & saturation […]

  • 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 […]

  • 15 December 2015

    PACC Offshore Services, a Singapore-based provider of offshore support vessels, has issued a profit warning for the fourth quarter and full year 2015. The company, also known as POSH, has said that it expects to record a loss for the year. In a statement on Tuesday, POSH said low crude oil prices have had an adverse […]

  • 14 May 2014
    Business & Finance

    PACC Offshore Services Holdings Ltd. (POSH) has secured a charter contract from Petrobras worth approximately $80.5 million for its semi-submersible accommodation vessel (SSAV), the POSH XANADU. Petrobras will charter the POSH XANADU for one year, beginning around December 2014, to support its oil and gas production activities in the Campos Basin and has an option to […]

  • 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.

  • 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. 

  • 11 January 2016

    PACC Offshore Services Holdings Ltd., an offshore vessel provider also known as Posh, has entered into a joint venture with a Saudi company, in order to deeper penetrate the Middle East market. According to Posh, the joint venture with Saudi Arabia’s Hmood Al-Khalaf Group, is in line with the Group’s strategy to bolster its presence the Persian Gulf, […]

  • 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 […]

  • 5 March 2013
    Business & Finance

    PACC Offshore Services Holdings (POSH), through its EPIC division, today announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea contributes four units of newbuilding modern deepwater 16000BHP Anchor Handlers, […]

  • 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 […]

  • 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, […]