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Ezion partners Chinese firm for chartering of service rigs

Ezion partners Chinese firm for chartering of service rigs
Singapore’s Ezion Holdings has entered into a joint venture agreement with a Chinese state-owned enterprise (SOE) for the deployment of service rigs to support the offshore windfarm market.

The unnamed SOE will be responsible for the integration of domestic requirements for the operations of the service rigs in the offshore windfarm projects in China, while Ezion will shoulder the technical, operational management and commercial aspects of the rigs, which will be chartered by the joint venture company.

Singapore-listed Ezion only revealed that the SOE is a “large-scale modern corporate group with worldwide businesses in integrated logistics, shipping and shipbuilding industry.”

Ezion added that the latest joint venture will be complementary to the strategic cooperation agreement with another Chinese SOE to support offshore wind power installation projects in China, announced in December 2015.