POSH Defender loaded with topside before transporting it to the D28 Oil field in Sarawak

In October 2018, our anchor handling tug supply vessel ("AHTS") POSH Defender supported the complex transportation of topside and boat-landing from the Ocean Might Yard in Kuching, Malaysia, to the D28 oil field approximately 172 nautical miles off Kuching, marking one of the biggest loadouts of its kind in our industry.

The project tested the mettle of our crew and we executed the project successfully, supporting our clients' business needs.

One unique aspect of the loadout was the sheer weight involved. The total weight of the deck cargo loaded onboard was 446 metric tonnes ("MT"), a heavier than usual load.

The topside and grillage were loaded onto the extreme left of the vessel, which was required to hold dynamic positioning ("DP") approximately two metres from the installation during the offloading of the topside. To ensure that POSH Defender was up to the task, we had to carefully manage the stability calculations involved with the loading of such a massive weight, while taking into consideration the sheer size of the topside.

The concerns were that the heavy load at the extreme ends of POSH Defender might lead to high bending stresses mid-ship. Based on the stability calculations, POSH had to ensure all stability criteria and bending moments for loadout and transportation were within the permissible limits. We refined this multiple times with our client for more than a month to ensure full compliance with International Maritime Organisation Class & Marine Warranty Surveying ("MWS") requirements.

Besides weight and size considerations, we also had to abide by five different inspections - Offshore Vessel Inspection Database ("OVID"), Offshore Support Vessel Inspection System ("OSVIS"), MWS, 2H Offshore and PETRONAS - for the release of the Green Letter to close the punch list.

Managing this massive project seamlessly, safely and completing it on schedule without issue was a major achievement by the team. This speaks to our operational excellence, high standards of service and safety as well as steadfast reliability which we always strive to achieve.

POSH Xanadu achieved zero lost-time injury and close to 100% gangway connectivity in her previous charter with Petrobras

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, kelly.shia@paccoffshore.com.sg

Mr Ong Chor Hao, WATATAWA Consulting, Manager, +65 9627 2674, chorhaoo@we-watatawa.com

For Kerry TJ Logistics:
Ms Vanessa Lin, Executive Secretary, Chairman’s Office, +886 2 3322 6888 (#6113), van.lin@kerrytj.com

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.

P75 departure with Terasea Hawk and Terasea Osprey

With a stellar track record comprising landmark projects such as the INPEX Ichthys FPSO and CPF as well as the Shell Prelude FLNG, POSH Terasea has established itself as the world's leading ocean towage service provider. Recognising our expertise, Brazilian oil giant Petrobras, awarded POSH Terasea with two long-distance ocean towage contracts for its P-75 and P-77 tankers.

Two months prior to departure, POSH Terasea's project management team ("PMT") worked closely with Tranship, Cosco Shipyard and Marine Warranty Surveyor ("MWS") to make all necessary preparations for a smooth sail-away. On May 16, the two nominated 200TBP Anchor Handling Tugs ("AHT"), Terasea Hawk and Terasea Osprey, arrived at Dalian COSCO to prepare for hook-up. Three days later, our AHTs connected with the Floating Production Storage and Offloading ("FPSO") unit and the FPSO was ballasted down for ocean passage.

On the foggy morning of May 20, the convoy departed Dalian and commenced passage to Rio Grande. The approximate distance for overall tow is 12,190 nautical miles, and will take around 67 days at 7.6 knots estimated towing speed

Tug crew boarding the FPSO to inspect towing gears

Terasea Hawk first called at Singapore on June 3 for bunkering and re-supplying while Terasea Osprey continued towing. In less than 24 hours, Terasea Hawk was back with the convoy, releasing Terasea Osprey for port call on 5 June.

With the tug and tow smoothly underway, the FPSOs are estimated to arrive at Rio Grande on August 1 and will operate in Buzios pre-salt field in the Santos basin. The towage of P-75 and P-77 will mark another successful project delivered by POSH Terasea, underscoring again our commitment to service excellence.

Harbour towage & float on-off operations rendered for COSL Mobile Offshore Drilling Units in Singapore

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.

Heavy Lifting for Jetty Construction at the Port of Thilawa, Myanmar

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.

Harbour towage & float on-off operations rendered for COSL Mobile Offshore Drilling Units in Singapore

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.

Heavy Lifting for Jetty Construction at the Port of Thilawa, Myanmar

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.

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