POSH Finds Work for Eight OSVs in Middle East

POSH

Offshore marine services provider, PACC Offshore Services Holdings (POSH), has been awarded long-term charters for eight offshore supply vessels with a combined value of approximately $167.5 million by a Middle Eastern national oil company.

The group will supply eight Anchor-Handling, Supply and Safety Standby vessels, of which six will be newbuilds.

The vessels, on a firm five-year charter with two one-year extension options, will support the national oil company’s operations at the Arabian Gulf.

The charters will start progressively following delivery, with vessels to be handed over to the client starting from December 2016, POSH said.

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