To recap, Samsung Heavy Industries is set to deliver Shell Prelude to Sydney, Australia in end-June. Two local companies, POSH and Ezion, will be supporting the project.
SINGAPORE (June 1): OCBC is maintaining its “hold” call on PACC Offshore Services Holdings (POSH) with a higher fair value estimate of 33.5 cents.
Despite POSH being involved in the towing and positioning of Shell Prelude, the world’s largest offshore facility, OCBC says persisting challenges in the operating environment for the broader offshore & marine sector remain.
