- ShareInvestor Express
- Business Times Breaking News
Ezion: POSH Terasea Forms World's Largest And Youngest Fleet For Ocean Towage Service.
05 Mar 2013 17:19
PACC Offshore Services Holdings, through its EPIC division, announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd. POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea contributes four units of newbuilding modern deepwater 16000BHP Anchor Handlers, to be delivered successively over the next 11 months. With this merger, Posh Terasea will operate the largest and youngest fleet of vessels for the ocean towage market...
More information available here.
Source: ShareInvestor Express
All information is published "as is" without warranty of any kind and for information purposes only. Business Times and the third party information providers make no representations, disclaim all express, implied, and statutory warranties of any kind to any user and/or third party, and accept no liability. Advice from a securities professional is strongly advised.