Search results for: EMAS Chiyoda Subsea

51585 results

A list of search results

  • 11 December 2015
    Business & Finance, Operations & Maintenance

    Ezra’s shareholders approved today the proposed 50:50 subsea joint venture with Japan’s ECS player Chiyoda. Singapore-listed offshore O&G contractor said that 99.97% of shareholders voted in support of Chiyoda’s investment in its subsea services division, EMAS AMC, to form EMAS CHIYODA Subsea (ECS). According to memorandum of understanding (MOU), signed in August between the two companies, the transaction implies an […]

  • 29 September 2016
    Business & Finance

    Japan’s Nippon Yusen Kabushiki Kaisha (NYK) has acquired a 25 percent share of Emas Chiyoda Subsea, based on an agreement signed with Ezra Holdings Limited and the Chiyoda Corporation. NYK decided to invest into Emas Chiyoda Subsea in June this year and the investment was completed on Thursday, September 29. Ezra and Chiyoda retain their […]

  • 27 August 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Singapore’s Ezra Holdings and Japan’s Chiyoda have signed a binding memorandum of understanding (MOU) for Chiyoda to invest in Ezra’s subsea services business, EMAS AMC, to form a 50:50 joint venture EMAS CHIYODA Subsea. Chiyoda headquartered in Yokohama, Japan is a front end engineering design (FEED) and engineering procurement and construction (EPC) company. The transaction implies […]

  • 11 December 2015
    Business & Finance, Project & Tenders

    Singapore’s Ezra Holdings has received approval from shareholders for its proposed 50:50 subsea joint venture with Chiyoda. The proposed deal was announced in August this year. The new company, Emas Chiyoda Subsea will be jointly (50:50) controlled by the two partners. The transaction implies an aggregate deal value for Emas Chiyoda Subsea of approximately $1.25 billion. At […]

  • 31 March 2016
    Project & Tenders

    Japan’s ECS player Chiyoda and Ezra’s subsea service business EMAS AMC have launched a joint venture EMAS CHIYODA Subsea, following the completion of the announced transaction. The 50:50 joint venture will start operations effective from April 01, 2016. The companies signed a binding memorandum of understanding (MoU) in August 2015 when it was agreed that […]

  • 31 March 2016
    Business & Finance

    Singapore’s oilfield services provider Ezra Holdings has announced that Japanese oil and gas industry engineering company, Chiyoda Corporation, has completed its investment into Ezra’s subsea services business, Emas AMC, to form a 50:50 joint venture, Emas Chiyoda Subsea.  The duo entered into a joint venture deal in August 2015 saying that the new firm would be able to carry out […]

  • 10 March 2017

    U.S. shipbuilding company VT Halter Marine (VTH) has decided to take action against Ezra Holdings, a guarantor for EMAS Chiyoda Subsea in a loan agreement with VTH. Following a civil action lawsuit in late February by VT Halter Marine against Emas Chiyoda Subsea over a $3.3 million debt guaranteed by Ezra Holdings, VTH on Thursday served […]

  • 27 August 2015

    Singapore’s oilfield services provider Ezra Holdings Limited has entered into a joint venture deal with Japan’s Chiyoda Corporation. Under the agreement, the two firms will establish a new entity named, Emas Chiyoda Subsea, through Chiyoda investing into Ezra’s  subsea services business, Emas AMC. The new company will be jointly (50:50) controlled by the two partners. The […]

  • 28 February 2017

    Emas Chiyoda Subsea, a subsea industry player, has filed a petition for bankruptcy protection at a U.S. court. The company, established in early 2016 through a merger between Ezra’s Emas AMC and Chiyoda, said on Tuesday it had, together with several subsidiaries, filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code […]

  • 1 March 2017
    Business & Finance

    Emas Chiyoda Subsea, a player in the subsea sector, announced on Tuesday that EMAS-AMC AS, its Norway-based wholly owned subsidiary, has 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. In September 2016, Japan’s […]

  • 13 February 2017

    Following a request by EMAS AMC for a short- term standstill agreement for the bareboat charter of the Lewek Connector, the vessel owner, Ocean Yield, has terminated the charter.  On December 16, 2016, EMAS Chiyoda Subsea Group requested the standstill agreement relating to the bareboat charter of the ultra deepwater multipurpose, flex-lay subsea construction vessel Lewek Connector for […]

  • 9 March 2017
    Business & Finance

    Ezra Holdings has received another statutory demand, this time from the solicitors of VT Halter Marine (VTH) in relation to a claim made against EMAS Chiyoda Subsea (ECS) formerly known as EMAS-AMC. EMAS Chiyoda Subsea owes a sum of some US$3.3 million together with accruing interest, in which Ezra acts as the parent corporate guarantor […]

  • 13 June 2016

    Nippon Yusen Kabushiki Kaisha on Monday said it has signed an agreement with Ezra Holdings and the LNG engineer Chiyoda Corporation to acquire a 25 percent share of EMAS Chiyoda Subsea.

  • 16 December 2016

    Offshore services firm EMAS AMC has asked for a standstill of its bareboat charter of the Lewek Connector ultra deepwater multipurpose, flex-lay subsea construction vessel. According to Ocean Yield, the owner of the vessel, EMAS AMC has requested a short-term standstill for the months of December 2016 and January 2017. Given the challenging offshore market, […]

  • 13 June 2016
    Business & Finance

    Japanese company Nippon Yusen Kabushiki Kaisha (“NYK”) has decided to invest into Emas Chiyoda Subsea, a company recently established by Ezra Holdings Limited (“Ezra”) and Chiyoda Corporation (“Chiyoda”). Through the acquisition of shares from Ezra and Chiyoda, NYK will own 25% of Emas Chiyoda Subsea, with Ezra and Chiyoda retaining 40% and 35% shareholding, respectively, upon completion […]

  • 19 May 2017

    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 […]

  • 13 June 2016
    Business & Finance, Operations & Maintenance

    Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently a 50:50 joint venture company owned by Ezra and Chiyoda. Through the acquisition of shares from Ezra and Chiyoda, NYK will own 25% of ECS, with Ezra […]

  • 20 December 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Forland Subsea said it has reached a temporary agreement with EMAS AMC AS over charter payment for the LCV/IMR subsea vessel Lewek Inspector. To remind, EMAS AMC AS has defaulted on its payment for the month of October 2016 due to financial distress. Since EMAS informed Forland that it is ‘unable to settle the outstanding charter […]

  • 13 March 2017

    Emas Offshore, a subsidiary of Ezra Holdings, has received a notice of charter termination for the pipelay construction vessel Lewek Champion by Hai Jiang 1401, the vessel-owning unit of ICBC Financial Leasing Co. Ltd. Both Emas Offshore and parent company Ezra said on Sunday that they received the notice of termination on Thursday, March 9, […]

  • 28 February 2017
    Business & Finance, Operations & Maintenance

    Emas Chiyoda Subsea (ECS) has filed voluntary petitions for reorganisation under chapter 11 of the U.S. Bankruptcy Code to facilitate the company’s financial and operational restructuring. In connection with the filing, ECS has received a commitment on an up to US$90 million financing facility from Chiyoda Corporation and Subsea 7. Subject to bankruptcy court approval, […]

  • 16 February 2017
    Project & Tenders

    Ocean Yield has entered into a short-term charter contract with a company related to Ezra for the Lewek Connector vessel. The new charter contract will have a duration of four months at a rate of USD 40,000 per day, Ocean Yield informed. Lewek Connector is capable of operating down to to 3,000 meters water depth. The vessel is […]

  • 16 February 2017

    Ocean Yield will charter its Lewek Connector subsea vessel to Singapore’s Ezra, under newly agreed terms. The move comes just a few days after the owner had terminated the charter for the vessel it had with Ezra’s cash-strapped subsidiary Emas AMC. For background, Emas AMC in December 2016, requested the standstill agreement relating to the […]