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

Fitzgerald returns to Crowley  thumbnail image

Fitzgerald returns to Crowley 

February 21 - Crowley Maritime Corporation has appointed Ray Fitzgerald as its chief operating officer, effective March 1. 
Views: 418
KENC completes engineering scope for Jumbo thumbnail image

KENC completes engineering scope for Jumbo

February 21 - The Netherlands-based KENC Engineering has collaborated with Jumbo to prepare the heavy lift vessel Fairplayer for an FPSO installation project offshore Brazil. 
Views: 356
NTSB publishes report on Ingalls collision thumbnail image

NTSB publishes report on Ingalls collision

February 21 - The US National Transportation Safety Board (NTSB) has issued a Marine Accident Brief on the collision between a heavy lift vessel, an unarmed barge and the destroyer Delbert D Black in Pascagoula, Mississippi last March.
Views: 681

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