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BT EXCLUSIVE

POSH eyes fleet expansion as O&M contracting rebounds

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Mr Seow says even amid low charter rates, POSH has stayed cash flow positive as it has refrained from "operating below cost".

Singapore

PACC Offshore Services Holdings (POSH) is seeing a rebound in its average offshore support vessel (OSV) fleet utilisation, a telling sign that contracting activity is returning to the beleaguered offshore and marine sector.

The Robert Kuok-controlled group is getting more

sentifi.com

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