Ezra Holdings Wins $262.7m Charter Contract

Monday, October 09, 2006
Ezra Holdings was awarded a 4-year contract from an oil major to charter its Floating Production, Storage and Offloading, or FPSO facility. The charter contract comes with an extension option of up to 3 years which, when exercised. Ezra is an integrated offshore support and marine services provider listed on the Singapore Exchange. Ezra's oil tanker M.T. Kitty Knutsen will be converted into the FPSO at a yard in Dubai.

It will then operate in Southeast Asian waters from financial years 2008 to 2011. Ezra is looking at several options to finance its FPSO business. Ezra says the FPSO contract could also possibly involve the hire of Ezra's offshore support vessels. In addition to the FPSO contract, Ezra also announced its first entry into the Indian offshore support services market. Its offshore chartering division has secured a three-year $15m contract from an Indian conglomerate. The deal involves one of Ezra's Anchor Handling, Towing and Support vessels, which has been contracted to operate on the east coast of India. Source: ChannelAsia

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Baltic Index Falls on Weak Freight Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday due to weaker rates across all segments, except handysizes.

As Market Sours, LPG Tankers Anchor off Singapore

Record U.S. LPG exports to Asia flip market into a glut. Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers.

Eni Cancels Vessel Deal with Viking Supply Ships

Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for

Shipbuilding

India Govt Subsidy for Ship Building Industry

Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020.

New Ferry MV Woods Hole Delivered

The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket.   Built by Conrad Industries of Morgan City, La.

Cargo Barge Launched for Alaska Marine Lines

Alaska Marine Lines celebrated the launch of its newest barge, Skagway Provider, at a ceremony July 7 at Gunderson Marine in Portland, Ore. where the vessel was constructed.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0801 sec (12 req/sec)