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EOC enlists help of Chinese shipyard to grow offshore support fleet

18th July 2014

EOC Limited has announced that it would be adding two new accommodation/maintenance vessels to its fleet in a deal with China’s Ziamen Shipbuilding Industry Co, in line with its focus on growing its offshore accommodation business

EOC enlists help of Chinese shipyard to grow offshore support fleet
EOC has entered into shipbuilding contracts worth a total of approximately USD 72m with Xiamen Shipbuilding Industry Co, a shipyard based in Xiamen

EOC has entered into shipbuilding contracts worth a total of approximately  USD 72m with Xiamen Shipbuilding Industry Co, a  shipyard based in Xiamen, China, for the two accommodation/maintenance vessels, with options for a further two similar specification vessels.

The shipbuilding contract price does not include owner furnished and nominated equipment.

On 10 July 2014, the group announced that it had entered into an agreement with its largest shareholder, Ezra Holdings Limited to consolidate EMAS Marine, Ezra's offshore support services division, under the group, to create one of the largest offshore support services providers in the Asia-Pacific region by asset value, as well as a proposed secondary listing of EOC in Singapore.

In addition, the group also announced the acquisition of an accommodation and support vessel on the same date.   The addition of these two new accommodation vessels is in line with the group's strategy to continue to grow its fleet and build on its platform as one of the largest offshore accommodation and support services providers in the region.  

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