POSH’s new partner

Singapore’s PACC Offshore Services Holdings (POSH) has struck a deal to bring in a new investor for its Mexican support ship business.

It has agreed that Mexico’s Grupo Pegaso will “acquire interests” in its joint ventures involved in the owning and chartering of offshore vessels.

“The parties are now working towards signing a definitive agreement,” it added.

Grupo Pegaso, based in Mexico City, manages the investments of the Burillo Azcarraga family.