Offshore marine services provider Pacc Offshore Services Holdings (Posh) has signed an agreement with its joint venture partner in Pacific Workboats (PWPL), Dolphin Shipping, that will see it take over ownership.
Posh agreed with Dolphin, a subsidiary of Sembcorp Marine to acquire its 50% interest in the Asia Pacific-focused PWPL
The transaction, which is expected to be completed by the end of the year, will see Posh acquire Dolphin’s stake for US$679,464.
