PaxOcean successfully delivered series of AHTSS vessels for POSH

Dec 29, 2017

PaxOcean has delivered six units of 64m Anchor Handling Tug Supply and Safety (AHTSS) vessels for PACC Offshore Services Holdings Ltd (POSH) on schedule with a perfect safety record.

Measuring 64 metres in length and 18.5 metres in breadth, with a minimum operational draft of 3.2 metres, these vessels are equipped with fire-fighting, oil spill detection and recovery capabilities and a bollard pull in excess of 58 tonnes.

These six vessels were delivered to long-term charters in the Middle East immediately upon completion.

Mr. Tan Thai Yong, Chief Executive Officer of PaxOcean Holdings Pte Ltd said, “POSH’s ability to clinch charters despite the challenging market conditions is a testament to its status as a leading operator in the offshore marine sector. The addition of these quality and modern tonnages will further enhance its portfolio offering. We are truly honoured to have supported them through this journey.”

The six vessels, POSH Springbok, POSH Steenbok, POSH Gemsbok, POSH Okapi, POSH Oribi and POSH Impala are classed by American Bureau of Shipping (ABS) with a notation of +A1 Offshore Support Vessel (AH–TOW, Supply-HNLS, OSR–C2, FFV1), (E), +AMS, + ACCU, SPS, MLC–ACCOM, ENVIRO, UWILD, RW.

Deliveries were carried out in PaxOcean Zhuhai, China with the first vessel delivered in Q3 2017 until final delivery of POSH Impala in Q4 2017.

Mr. Lee Keng Lin, Deputy Chief Executive Officer of POSH, said, “Having a strong shipbuilding partner is crucial to the success of marine operators like POSH. The timely delivery of these six new builds to their long-term charters would not have been possible without PaxOcean’s round-the-clock efforts. We are grateful for their professionalism and service excellence.”


About PACC Offshore Services Holdings Ltd (“POSH”)

Headquartered in Singapore and listed on the Singapore Exchange, PACC Offshore Services Holdings Ltd (“POSH”) is a leading offshore marine services provider with more than 60 years of operating experience in offshore and marine oilfield services. With a young and diverse fleet of over 100 offshore vessels, POSH serves multiple segments of the offshore oil and gas value chain and is known to be a best-in-class service provider.

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About PaxOcean Zhuhai

Spanning 20 hectares, PaxOcean Zhuhai is located in Guangdong, China. The modern and well-equipped yard is specially configured with three fully covered launchways specialising in the construction of high specification offshore support vessels. Our continuous growth in our extensive track record of building Anchor Handling Tug/ Supply vessels, Offshore Construction vessels and tugboats demonstrate our capability and expertise in delivering quality projects on time.

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