Our History

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2020
- Kuok Group privatises POSH in February 2020
2018
- POSH Arcadia and POSH Xanadu completed the Shell Prelude FLNG and Chevron Big Foot TLP project respectively
- To date, 13 vessels on long-term contracts with a National Oil Company in the Arabian Gulf
- Incorporated POSH Kerry Renewables, a joint venture with Kerry TJ Logistics dedicated to serving the offshore renewables market in Taiwan
- Established POSH Subsea as the Group’s specialist arm for subsea solutions
2017
- Completed extended two-year charter with Petrobras for the 750-pax POSH Xanadu SSAV
- Successfully completed back-to-back major projects including the delivery of the Ichthys Explorer CPF, the world's largest semi-submersible platform, Ichthys Venturer FPSO, Prelude FLNG, the world's largest offshore floating facility, and Egina FPSO, the world's largest FPSO
- Secured a long-term contract with an oil major in Saudi Arabia to provide accommodation support for offshore platforms in the Arabian Gulf
2016
- POSH Terasea successfully delivered one of the world’s largest FPSOs, the Glen Lyon, from Ulsan, South Korea to Haugesund, Norway
2015
- Further expansion into the Middle East with two LCVs deployed to Saudi Arabia
2014
- Launched Initial Public Offering to strong institutional and retail support – IPO offering was five times subscribed
- Admitted to the Mainboard of the Singapore Exchange and commenced trading
2013
- Awarded public licence by the Maritime and Port Authority of Singapore for the provision of towage services in Singapore
2012
- Enhanced position in the offshore accommodation segment with an order of two 750-pax SSAVs between 2012 and 2013
2010
- Formed PSV fleet through the initial acquisition of two diesel electric PSVs and subsequent addition of six more PSVs
2008
- Entered the offshore accommodation segment through four accommodation vessels
2007
- Acquired PSA Marine’s offshore businesses comprising SEMCO Pte. Ltd., a leading FPSO towage operator; Maritime Pte. Ltd., a leading transportation and installation operator; and various ship-owning entities
- Company renamed PACC Offshore Services Holdings Pte. Ltd.
2006
- Company incorporated as PACC Offshore Pte. Ltd.
- Entered the deepwater segment through orders for two 16,000 BHP DP2 AHTS
- Entered the oilfield services sector through orders for 16 8,000-10,000 BHP AHTS between 2006 and 2007