Ezra extends ‘Lewek Connector’ charter

Ocean Yield has secured a contract extension for its Lewek Connector subsea vessel with Singapore’s Ezra Holdings.

The extension, at an unchanged dayrate of $40.000, is for three months. Ezra, which has recently filed for bankruptcy protection, will have an option to extend for up to two months, at the same dayrate.

The extended charter period begins on June 1, 2017.

To remind, Ocean Yield had terminated the charter for the vessel it had with Ezra’s then cash-strapped subsidiary Emas AMC, in mid-February.

A few days later, Ocean Yield signed a four-month charter with Ezra, at a reduced dayrate,

As for Emas AMC, its parent company Emas Chiyoda Subsea, said early in March that EMAS-AMC had been placed under members’ voluntary liquidation in Norway.

Emas Chiyoda Subsea was formed in early 2016 through an investment by the Japanese Chiyoda Corporation into Ezra’s subsea services business, Emas AMC.

Offshore Energy Today Staff