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    Ezra orders two more anchor handlers

    Vessel & ROV News // September 28, 2005

    The Board of Directors of Ezra Holdings Limited in Singapore has announced that
    its wholly-owned subsidiary, Lewek Shipping Pte Ltd, has awarded contracts to
    Pan-United Marine Limited for the constructions of two 65m 7,300bhp multi-purpose anchor handling, towing and supply vessels at a combined contractual value of US$15.29 million, excluding the cost of certain owner furnished equipment.

    Both AHTS are targeted for delivery in the first half of the financial year ending 31st August 2007.

    Ezra also recently ordered two 12,000bhp AHTS from the same yard, and also recently ordered a construction/pipelay vessel.

    In a statement the company said: "Ezra is now building up its fleet base to drive earnings beyond FY07. This latest order is in line with our fleet expansion and upgrade programme. We will stay focussed on supporting the sustained firm demand in offshore E&P activities in the oil and natural gas sector."

    Lionel Lee, Ezra’s Managing Director, said: "The past under-investment in the sector has created an acute shortage of better-equipped and high-tonnage offshore support vessels today, particularly those suitable for long term charters. I see Ezra as a key service provider in this market, with our increasingly wide range of offshore support vessels that meet the stringent requirements of the oil majors worldwide.” 

    Ezra currently manages a fleet of 13 vessels comprising six AHTS, one AHT, two tugs, two crew boats, one barge and a heavy lift accommodation work barge. By end FY07, Ezra’s fleet under management and operation will grow to 26 offshore support vessels with a strong deepwater E&P support services capability.

    Ezra took delivery of three AHTS in FY05 and another four AHTs and four AHTS will be delivered in FY06.


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