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Ezra in $130m fleet expansion

Ezra in $130m fleet expansion

Singapore: Offshore specialist Ezra Holdings plans to invest $130m in four additional platform supply vessels (PSVs). The Singapore company will acquire the four PSVs of up to 5,200 dwt over the next two years. "We are currently fortifying our key offshore support, deepwater subsea and engineering services units in preparation for our next leg of growth, which will see Ezra becoming a truly global player in the offshore oil and gas sector," said Lionel Lee, managing director of Ezra. Meanwhile the company said its subsidiary EMAS Offshore had secured letters of intent or award for $51m in charters for five anchor handler towage supply (AHTS) vessels and one PSV. The contracts for an average of more than two years are with undisclosed oil companies operating in Asia and Australia. [22/11/10]

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