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Asia Pacific Offshore Singapore

POSH first-half loss widens to $21.4m as rates slide on continuing overcapacity

Oversupply of vessels continued to weigh on charter rates, although there were signs of increased activity in some segments. Higher repair, maintenance and mobilisation costs in the OSV segment and one semi-submersible being without a charter for a significant period dragged down gains

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Weakness in the traditional bread-and-butter segments has however been compensated to some extent by growth momentum in new business segments POSH Subsea and POSH Kerry Renewables

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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