PACC Offshore Services Holdings (POSH) Company News

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POSH Posts $17.5M Net Loss in 2Q 2016, Revenue Dips 35% to $46.1M
Wednesday, August 03, 2016Singapore-based PACC Offshore Services Holdings (POSH) posts a net loss of $17.5 million for the second quarter of 2016, down from a net profit of $6.1 million a year ago.

POSH Wins Contract from Technip for Prelude FLNG Project in Browse Basin
Monday, June 27, 2016Singapore's PACC Offshore Services Holdings (POSH) wins a contract from Technip Oceania to support Shell's Prelude floating liquefied natural gas facility in the Browse Basin, off Western Australia.

Mothballed Ships In SE Asia Show Pain Inflicted By Oil Slump
Tuesday, May 31, 2016Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years.

POSH Secures Vessel Services Contracts in the Middle East
Tuesday, April 26, 2016PACC Offshore Services Holdings Ltd. secures long term charters for 8 offshore supply vessels, with a combined value of approximately $167.5 million, with "a Middle Eastern national oil company".

POSH Xanadu SAV Bags Contract to Work in Brazil's Campos Basin
Friday, April 01, 2016PACC Offshore Services Holdings secures a one year contract for the POSH Xanadu semisub accommodation vessel to work offshore Brazil.

POSH Secures $85M Contracts to Provide 5 Vessels to the Middle East
Thursday, February 25, 2016Singapore's PACC Offshore Services Holdings secures long-term charters, worth $85 million, for five vessels to the Middle East.

POSH Secures Contract to Tow Shell Prelude FLNG from S.Korea to Australia
Tuesday, January 12, 2016Singapore's PACC Offshore Services Holdings secures a contract to tow Shell's Prelude floating liquefied natural gas facility from South Korea to the Prelude field offshore Australia.

Singapore's POSH Forms JV with Saudi Arabia's Hmood Al-Khalaf Group
Monday, January 11, 2016Singapore-based PACC Offshore Services Holdings forms a joint venture with Saudi Arabia's Hmood Al-Khalaf Group to expand its presence in the Middle East.

Semisub Barge POSH Mogami Sinks Off Indonesia's Batam Island, 3 Dead
Monday, July 21, 2014Three people were killed when POSH Mogami sank off Batam, Indonesia. The semisubmersible barge was undergoing submerging trials Friday.

POSH Bags $81M Accommodation Vessel Contract from Petrobras
Thursday, May 15, 2014PACC Offshore Services Holding bags a $80.5 million charter contract to provide a semisubmersible accommodation vessel to Petrobras.

Offshore Firm's IPO May Give Singapore Market Shot in the Arm
Tuesday, April 08, 2014A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a Singapore IPO.