Ezion pens liftboat contract worth $43.5mEzion pens liftboat contract worth $43.5m

The liftboat is expected to be deployed in Southeast Asia waters by the third quarter of 2013 to support oil and gas activities.

Singapore-listed Ezion said the transaction will be supported by funding from Singapore's DBS Bank.

Ezion's liftboats are used mainly for well-servicing, commissioning, maintenance and decommissioning of offshore platforms.

Apart from owning liftboats, Ezion also operates a fleet of tugs, ballastable barges, offshore support vessels and self-propelled barge that are used in the provision of offshore marine logistics and support services in the offshore oil and gas sectors.