Singapore's Maritime Port Authority (MPA) announced this weekend the 30,500 dwt semi-submersible barge POSH Mogami, owned by PACC Offshore Services Holdings Ltd. (POSH), sank on Friday, 18 July, leaving three dead. The incident occurred two nautical miles northeast of Sekupang, Batam. The MPA notes there were nine persons on board the barge when the incident happened. It … [Read more...]
Amid Oceanographia Fraud Scandal, Grupo Pegaso Partners with POSH in Mexico
PACC Offshore Services Holdings Ltd (POSH), Asia's largest operator of offshore supply vessels announced today that Mexican conglomerate Grupo Pegaso has signed a term sheet for a position with their company's joint ventures in Mexico which are involved in the owning and chartering of offshore support vessels. Joint ventures in Mexico have been a huge thorn in the side of … [Read more...]