An offshore joint venture involving PACC Offshore Services Holdings (POSH), Ezion Holdings and Seabridge Marine Services has defaulted on a loan facility due mainly to the protracted downturn in the offshore market.

The Middle East market as well as the offshore accommodation (OA) vessels segment has done well for PACC Offshore Services Holdings (POSH), with all the offshore supply vessels (OSVs) assigned to the region fully deployed on long-term charters and...

Freshly set up joint venture focused on the Taiwan offshore wind sector, POSH Kerry Renewables (POSH Kerry), has secured its first contract in the rapidly developing market.

PACC Offshore Services Holdings (POSH) will continue to work with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.

PACC Offshore Services Holdings (POSH) is anticipating to see its financial performance for 2016 get impacted due to the sluggish offshore oil and gas market, even as the group reported a jump in first quarter profit.

PACC Offshore Services Holdings (POSH) has secured an additional one-year contract for its semisubmersible accommodation vessel for work in Campos Basin, Brazil.

A wholly-owned subsidiary of PACC Offshore Services Holdings (POSH) has commenced legal action in Saudi Arabia against Makamin Offshore over owed charter fees of three vessels.