Ezra scores $110m in new contracts

Ezra Holdings Limited has announced that it has won a host of contracts to the value of $110m, coming from subsea division EMAS AMC and from offshore services division EMAS Marine.
 
EMAS AMC will be conducting a SURF offshore installation project project for a national oil company operating in the Gulf of Mexico, in addition to completing pipeline repair works for an oil major operating in Asia. Ezra ceo, Lionel Lee, said of the deals: “We are now beginning to see various repeat clients, which mean we are gaining recognition for the good work we are doing.”
 
EMAS Marine has won three new charters with a national oil company and an oil major in South East Asia for two AHTS vessels and a PSV, all with an average contract length of around 3.5 years, including options. “While the offshore support market remains challenging, we have been able to ride on our track record and close relationships with operators to continue winning quality, long-term charters for our vessels,” Lee added.
 
Ezra’s orderbook is currently over US$2 billion.
Source: Sea Ship News