Latest news from Heavy Lift & Project Forwarding International Magazine

Kuok moves ahead with POSH acquisition

PACC Offshore Services Holdings (POSH) has filed to leave the Singapore Exchange as the Kuok Group moves forward with its takeover.

Quetzal Capital, a bid vehicle formed by various companies within the Kuok Group, made a voluntary, conditional cash offer for all of the issued and outstanding ordinary shares of POSH during November 2019.

At the time, Quetzal said that, in light of the continuing challenges facing the offshore oil and gas sector, it believed that the privatisation of POSH would provide it with more flexibility to manager the operational and financial requirements.

Heavy Lift | News

Blue Water opens office in Guyana thumbnail image

Blue Water opens office in Guyana

January 21 - Blue Water Shipping has opened an office in Guyana in order to offer support to the country’s oil industry.
Views: 158
Crowley shakes up marine services organisation thumbnail image

Crowley shakes up marine services organisation

January 21 - Crowley Maritime Corporation has reorganised its marine services organisation into three business segments: offshore services, ship assist and tanker escort, and engineering services.
Views: 227
SAAM acquires shares in Intertug  thumbnail image

SAAM acquires shares in Intertug 

January 21 - Sociedad Matriz SAAM has acquired a 70 percent stake in Intertug, a towage operator in Colombia, Mexico and Central America. 
Views: 237

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