Offshore marine services provider PACC Offshore Services Holdings (POSH) has secured long term charters for five vessels to the Middle East with a combined contract value worth around $85m.

Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m.

Specialist 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.

PACC Offshore Services Holdings (POSH) has warned of a net loss for its fourth quarter and full year financial results ending 31 December 2015, due to the depressed offshore market.

PACC Offshore Services Holdings (POSH) has announced that the company is defending a legal suit filed by Kensteel Engineering over a sale and purchase agreement of a property in Singapore.

Malaysian Bulk Carrier (Maybulk) plunged into a net loss of MYR22.75m ($6.25m) in the first quarter from a MYR23.02m profit previously.

Offshore marine services provider PACC Offshore Services Holdings (POSH) has managed to book a profit of just $21,000 in the first quarter of 2015 as it operated in a tough market.

PACC Offshore Services Holdings (POSH) has reported a drop in full year profit while revenue remained steady.

PACC Offshore Services Holdings (POSH) has maintained a stable net profit in the first half compared to a year ago, but the results would have been better if not for a negative contribution from its Mexican joint ventures.

PACC Offshore Services Holdings (POSH) has started making inroads into Mexico with a local partner Grupo Pegaso for the owning and chartering of offshore support vessels.