Latest news from Heavy Lift & Project Forwarding International Magazine

POSH benefits from improved market

Offshore marine services provider PACC Offshore Services Holdings (POSH) has recorded a 95 percent revenue increase year-on-year for the three months to the end of June 30, 2018.

While the revenue increase to USD83.1 million is largely attributed to improved average daily charter rates in the company’s offshore accommodation segment, its transportation and installation division also saw a revenue increase of 19 percent to USD4.6 million.

According to POSH, market sentiment is also more positive, amid signs of increased investment and capital expenditure in offshore oilfield development.

Captain Gerald Seow, ceo of POSH, said: “We are encouraged by our sustained performance over the past quarter. Even as market conditions remain challenging, we continued to make headway in improving overall performance and securing new contracts.

“We have also expanded into new growth areas including subsea and offshore renewables.”

www.posh.com.sg

Heavy Lift | News

Kässbohrer on display at bauma thumbnail image

Kässbohrer on display at bauma

March 22 - Kässbohrer is showcasing its range of lowbed trailers at the bauma 2019 exhibition, which takes place between April 8-14 in Munich.
Views: 405
Elbe Project Cargo Line launched thumbnail image

Elbe Project Cargo Line launched

March 22 - Sächsische Binnenhäfen Oberelbe, in cooperation with Deutsche Binnenreederei, launched the Elbe Project Cargo Line (EPCL) – a liner service for oversize and heavy project cargoes.
Views: 655
Mammoet moves for Mitsubishi thumbnail image

Mammoet moves for Mitsubishi

March 22 - Mammoet has delivered and installed 120 pressure vessels and modules for the construction of the Caribbean Gas Chemical Limited (CGCL) methanol and dimethyl ether (DME) plant in La Brea, Trinidad and Tobago.
Views: 862

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.