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POSH eyes fleet expansion as O&M contracting rebounds

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


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...

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