The owner of Pacific CarriersLtd (PCL) is seeking to list the shares in Singapore in a deal potentially worthup to SGD500m ($395m), Reuters reports.

Unconfirmedreports say the offering is expected to be launched in September or October ina deal expected to value the company at $1bn.

Bankof America Merrill Lynch, DBS Group and OCBC are the bookrunners, said Reutersquoting unnamed sources.

POSHSemco owns and operates a fleet of more than 100 vessels, providing support foroffshore oil and gas activities.

Kuok