POSH announced its entry into the Taiwan offshore renewables sector in July, through a joint venture with Kerry TJ Logistics ("Kerry TJ"). This joint venture aims to provide a one-stop solutions platform for offshore wind farm developers, EPCI contractors and wind turbine manufacturers.
Within its first month, the joint venture, named POSH Kerry Renewables ("POSH Kerry"), won its first contract. It will provide anchor handling, supply and standby support for an international geotechnical services operator during the site survey, installation and construction of an offshore wind farm. Work has since commenced off the coast of Guanyin, and may potentially include other sites in Yunlin and Taoyuan-HsinChu.
POSH Kerry also secured Rolls-Royce, Macquarie Capital and Swancor as strategic partners to jointly explore collaboration opportunities and develop tailored solutions for this growing sector. POSH Kerry will also be working with Seagreen Enterprise, Taiwan-based marine and towage operator, to recruit, train and build up a pipeline of Taiwanese crew.
This is the first time that two major players in their respective fields have integrated supply chain and marine solutions on a single platform that can support the entire offshore renewables project life cycle. POSH brings specialised offshore marine expertise and a modern fleet of vessels readily transferable to offshore wind operations, while Kerry TJ - as Taiwan's largest logistics provider - has an extensive local network and in-depth market knowledge to help clients navigate the local operating landscape.
We are confident that POSH Kerry's comprehensive suite of services will be an accretive and complementary addition to the POSH Group's portfolio, and will work hard to deliver results for our clients and partners.
As a testament to the trust our clients have placed in us, semi-submersible accommodation vessel ("SSAV") POSH Xanadu was awarded a second charter with oil and gas major Petrobras.
The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.
This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin. During that time, she received many accolades including achieving zero lost-time injury and close to 100% gangway connectivity, even in the face of harsh conditions at sea. POSH Xanadu has been maintaining the same operational records for the Chevron project as well.
Together with her sister vessel POSH Arcadia, our two state-of-the-art DP3 SSAVs are the world's largest of their class. Designed for deep waters and harsh operating environments, they are equipped with industry-leading safety and comfort features, enabling "walk-to-work" solutions for offshore personnel. These include ample deck space for work, quality accommodation, catering and recreational facilities, as well as connectivity through video conferencing capabilities and WiFi on board.
Petrobras awarding this contract to POSH for a second time is truly a testament to our differentiated operational expertise, high standards of service and safety, and steadfast reliability. This will also further cement POSH's operational footprint in the Americas.
As a testament to the trust our clients have placed in us, semi-submersible accommodation vessel ("SSAV") POSH Xanadu was awarded a second charter with oil and gas major Petrobras.
The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.
This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin. During that time, she received many accolades including achieving zero lost-time injury and close to 100% gangway connectivity, even in the face of harsh conditions at sea. POSH Xanadu has been maintaining the same operational records for the Chevron project as well.
Together with her sister vessel POSH Arcadia, our two state-of-the-art DP3 SSAVs are the world's largest of their class. Designed for deep waters and harsh operating environments, they are equipped with industry-leading safety and comfort features, enabling "walk-to-work" solutions for offshore personnel. These include ample deck space for work, quality accommodation, catering and recreational facilities, as well as connectivity through video conferencing capabilities and WiFi on board.
Petrobras awarding this contract to POSH for a second time is truly a testament to our differentiated operational expertise, high standards of service and safety, and steadfast reliability. This will also further cement POSH's operational footprint in the Americas.
TAIWAN, 24 JULY 2018 – POSH Kerry Renewables (“POSH Kerry”), a joint venture between offshore marine services provider PACC Offshore Services Holdings Ltd. (“POSH”) and Taiwan-based logistics firm Kerry TJ Logistics (“Kerry TJ”), has secured its first contract for the Taiwan offshore renewables market.
Under this contract, POSH Kerry will provide anchor handling, supply and standby support to an international geotechnical services operator during the site survey, installation and construction of an offshore wind farm. The scope of work will begin off the coast of Guanyin and potentially include other sites in Yunlin and Taoyuan-HsinChu. Work is scheduled to commence in Q3 2018.
The Taiwan-based integrated solutions provider also recently signed a Memorandum of Understanding (“MOU”) with local marine and towage company Seagreen Enterprise (“Seagreen”).
This strategic partnership not only further broadens POSH Kerry’s service portfolio, but also supports the Taiwan government’s goal of building up local offshore marine capabilities through the exchange of knowledge and best practices. Under the partnership, Seagreen can leverage POSH’s extensive track record in executing complex offshore marine projects to enhance its operational know-how. Both POSH Kerry and Seagreen will also embark on joint initiatives to recruit, train and build up a pipeline of Taiwanese crew.
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For further information or to speak to a spokesperson, please contact:
For PACC Offshore Services Holdings Ltd.:
Ms Kelly Shia, POSH, Corporate Affairs and Business Development, +65 6839 7860, [email protected]
Mr Ong Chor Hao, WATATAWA Consulting, Manager, +65 9627 2674, [email protected]
For Kerry TJ Logistics:
Ms Vanessa Lin, Executive Secretary, Chairman’s Office, +886 2 3322 6888 (#6113), [email protected]
About POSH Kerry Renewables (“POSH Kerry”)
POSH Kerry is a unique solutions provider for the offshore renewables sector. With a comprehensive suite of supply chain and marine solutions integrated on a single platform, the company is capable of supporting our clients' needs across the entire offshore renewables project life cycle.
POSH Kerry is a joint venture between leading offshore marine operator PACC Offshore Services Holdings Ltd (“POSH”) and Asia’s premier logistics service provider Kerry TJ Logistics (”Kerry TJ”).
About PACC Offshore Services Holdings (“POSH”)
Headquartered in Singapore and listed on the Singapore Exchange, POSH is a leading offshore marine services provider with more than 60 years of operating experience in offshore and marine oilfield services. With a young and diverse fleet of over 100 offshore vessels, POSH is known as a best-in-class service provider serving multiple segments of the offshore energy value chain and readily transferable expertise for the offshore wind sector.
About Kerry TJ Logistics (“Kerry TJ”)
Headquartered in Taiwan with over 60 years of operating experience, Kerry TJ is a leading logistics operator offering a wide range of services including less than truck load, integrated logistics, line haul, international freight forwarding and supply chain solutions for both merchandise and non-merchandise delivery. Kerry TJ’s operational footprint spans across more than 50 countries worldwide, providing integrated, reliable and cost-effective logistics solutions for many of the world’s famous brands. Kerry TJ is listed on the Taiwan Stock Exchange and has more than 5000 employees in Taiwan.
About Seagreen Enterprise Co., Ltd. (“Seagreen”)
Seagreen is a Taiwan-based marine and towage company with more 30 years of experience in underwater operations and offshore construction support. Its suite of services include underwater inspection and cleaning, repair and maintenance, cable laying as well as oil spill and emergency response. Seagreen’s client base includes vessel operators and owners, port authorities, terminal operators and energy companies.
Two of our vessels, the POSH Elegance and POSH Commander, were recently chartered to Brunei as the South East Asian country started to see an uptick in activity.
POSH Elegance, the Multi-Purpose Supply Vessel ("MPSV") from our Offshore Accommodation ("OA") division, has been providing accommodation support and walk-to-work solutions for front-end engineering design contractor Amec Foster Wheeler since May 2018, with an expected charter duration of more than 200 days. Amec Foster Wheeler was awarded a contract by Brunei Shell Petroleum Sdn Bhd for the rejuvenation of assets in Brunei which will run for at least five years from March 2017; and POSH Elegance is equipped with a motion-compensated gangway and crane to support the scope of work.
Meanwhile, our 2,00TBP Anchor Handling Tug Supply ("AHTS") POSH Commander from the Offshore Support Vessel ("OSV") division has been chartered to support the Rapong Exploration Drilling Campaign at Block A, offshore Brunei. The charter includes anchor handling duties for the ultra-deepwater semi-submersible offshore drilling rig Deepwater Nautilus and commencing July 2018 and expected to end in Q1 2019.
These various charters are built on previous projects that we executed, including anchor handling duties for the jack-up rig "West Castor" in 2014 and supporting coil tubing unit operations from March 2015 to September 2016.
Moving forward, POSH will build upon its track record and established reputation to continue pursuing opportunities in this key growth market.
In January this year, POSH was engaged by China Oilfield Services Limited (COSL) to carry out harbour towage & float on-off operations within the Singapore Harbour. The towage involved two jack-up rigs, COSL Boss and COSL Seeker, which were reactivated from cold stack in Labuan, Malaysia for the preparation in Singapore shipyards prior to their respective forward charters.
As part of the engagement, POSH Terasea was awarded the contract for ocean towage of COSL Boss from Malaysia to Singapore before our Harbour Services Division took over. Four 4,000BHP harbour tugs, namely POSH Guardian, POSH Gentle, POSH Grace, and PW Berani, were used to transport COSL Boss within the Singapore harbour to Keppel FELS shipyard.
Just a month after the COSL BOSS project, COSL awarded another contract to POSH. This time, four harbour tugs were called to tow the COSL Seeker from Singapore anchorage to Sembcorp Marine Shipyard at Tuas Boulevard. Of the four harbour tugs involved, two were 5,000BHP (POSH Husky and POSH Hardy) while the other two were 4,000BHP (PW Benar and PW Berani).
These two projects challenged us in many ways due to their tight schedules. In particular, the COSL Seeker operation required absolute precision and perfect coordination between our harbour tugs and the tow master to prevent any collision between the jack-up rig and the heavy lift vessel's deck structure. By working closely with COSL, the Tow Masters, as well as the Marine Warranty Surveyor, both projects were swiftly and safely completed.
Earlier this year, POSH was appointed as the heavy lift services provider for the construction of a container terminal in the Port of Thilawa to meet the ever-growing demand at one of Myanmar's key logistics hubs. To start off, the 3,600 BHP PW Lambda was used to tow the floating sheerleg crane PW L501 to and from Myanmar to support the installation of 20 steel jetty platform modules, each weighing approximately 200 tonnes, onto pilings located near the shore.
Preparation for this project began five months ahead of the commencement date. Despite high scrutiny and time pressure from the main contractor, Toyo Construction, our team exceeded expectations and completed the project three weeks earlier than planned.
The professionalism and teamwork POSH demonstrated during these projects underline our commitment to service excellence. We are also pleased to be able to offer solutions across our diversified service portfolio, thereby providing a one-stop shop for our clients.
