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    Ezra orders two deepwater anchor handlers

    Vessel & ROV News // January 17, 2006

    Ezra Holdings Ltd in Singapore has announced that its wholly-owned subsidiary Lewek Shipping Pte Ltd has ordered two new deepwater equipped multi-purpose anchor handling, towing and supply vessels (AHTS) for S$65.3 million, excluding the cost of certain owner furnished equipment.

    The two 70m, 12,000bhp AHTS will be Ezra’s first two vessels for delivery in financial year ending 31 August 2008. The contract was awarded to Pan-United Marine Limited.

    In FY2007, Ezra will also be taking delivery of nine new vessels comprising two anchor handling tugs (AHT), six AHTS and a Heavy Lift Accommodation Pipelay Vessel.

    “We remain committed to our fleet expansion programme and our newbuilding orderbook is driven by strong demand from the offshore oil & gas sector,” said Mr Lionel Lee, Ezra’s Managing Director.

    He added: “We continually invest in a range of vessels for both deep and shallow water support work so that we can better meet customer demand.”

    The Group has built up a strong profit growth track record since its public listing in August 2003. In FY2005, Ezra reported a 138% rise in Group net profit to S$36.1 million.

    The Group continues to build on its fleet size as well as its range of offshore support capabilities. By end FY2008, the fleet under management and operation will grow to 32 offshore support vessels with a strong deepwater E&P support services capability.

    The Group also operates one of the most modern fleets of specialized vessels serving Asia’s buoyant offshore oil and gas industry. 

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