PETALING JAYA: Malaysian Bulk Carriers Bhd
’s (Maybulk) 21.23%-owned associate PACC Offshore Services Holdings (POSH), which is headed for a listing in Singapore by the end of the month, plans to actively expand its fleet to include deepwater accommodation vessels and break into new markets such as Latin America.
POSH, a top five international operator of offshore supply vessels (OSV) by fleet size globally and the largest in Asia, was also looking to explore the inspection, maintenance and repair business, the company said in its preliminary prospectus lodged with the Monetary Authority of Singapore on Monday.
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