Pacc Offshore Services Holdings has fallen into the red in the second quarter.
The Singaporean company attributed a net loss of $17.6m for the three months to the end of June to the continuation of challenging conditions across the industry.
The company posted a profit of $6.1m in the corresponding quarter of 2015.
Gerald Seow, chief executive of POSH, said: “Our financial performance this past quarter is a reflection of the continued uncertainty surrounding our industry.
“Management
