Seabridge Marine Services News

PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels, with a diversified fleet servicing offshore oil and gas E&P activities,  said its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors after it defaulted on a facility with an outstanding amount of around US$27.6 million.POSH said the maximum potential financial impact arising from the liquidation will be up to $42m and no material impact to its operating cash flow is expected.PTPL is 50 percent-owned by POSH and 50 percent-owned by Terasea, which itself is a 50:50 joint venture between Ezion and Seabridge Marine Services.Independent of PTPL…

Seaspan announced the appointment of Paul Hilder to Vice President, Marine Operations. As a member of Seaspan’s senior leadership team, Hilder will oversee the operational efficiency and safety of the company’s vessels and marine crews. Working in collaboration with Port Captains, Dispatch and the Regulatory & Compliance departments, Hilder will also oversee and monitor ongoing operational and training issues in order to reduce potential risks and liabilities to the company. Hilder has a long, storied past in the BC marine industry.