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Ezra investors signal approval to form massive Asia Pacific OSV fleet

20th August 2014

Ezra Holdings Limited has announced that its shareholders have approved the resolution on the proposed consolidation of its offshore support services division, EMAS Marine, with its associated company, EOC Limited, the proposed offering of EOC on SGX-ST and the secondary sale of EOC shares

Ezra investors signal approval to form massive Asia Pacific OSV fleet
The fleet will have a combined bollard pull of almost 4,000 tons, more than 37,000 dead weight tonnes (dwt) and a total of almost 350,000 BHP

“The proposed dual listing in Singapore will be a good platform for investors to gain exposure to one of the industry’s most technologically advanced fleet with capabilities to operate globally at ultra-deep water depths,” said Lionel Lee, Ezra’s group CEO and managing director. “With this move, Ezra will create one of Asia Pacific’s largest, youngest and strongest offshore services players with a fleet of over USD 1bn in offshore support assets.”

The fleet will have a combined bollard pull of almost 4,000 tons, more than 37,000 dead weight tonnes (dwt) and a total of almost 350,000 BHP, making it one of the strongest and most powerful in the region, with capabilities to operate globally at ultra-deep water depths. 

“This consolidation and Singapore listing will set another key milestone for the group, combining the strong ship management and operations track record of EMAS Marine with the platform services and engineering capabilities of EOC to create an enlarged platform which will propel EOC’s growth forward,” said Lee Kian Soo, Ezra’s group founder, non-executive and non-independent director.

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