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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

Maritime Union of Australia Oppose China Trade Deal

The Maritime Union of Australia is willing to use its power over the country's ports to disrupt a new free trade deal with China, reports AAP.   The union movement’s

Canada Commissions Study on Underwater Noise

Green Marine has signed a nine-month contract with Transport Canada to provide insight on underwater noise generated by shipping and its effects on marine life, along with potential solutions.

Shipbuilding

Korean Shipyards in Troubled Water

Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.

ABS Grants AIP for Jensen’s LNG ATB Design

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS).

SENER Presents on History of Ship Design

The COMPIT annual edition took part this year from May 11-13 in Ulrichshusen, Germany, with the participation of SENER. This event is an International Conference

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
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: 0.1569 sec (6 req/sec)