Search results for: EMAS

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  • 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 […]

  • 1 March 2017
    Business & Finance, Operations & Maintenance

    Emas Chiyoda Subsea has placed its Norway based wholly owned subsea subsidiary, EMAS-AMC AS under members’ voluntary liquidation in Norway. This announcement is made separately to the company’s previous announcement to seek financial restructuring through chapter 11 of U.S. Bankruptcy Code, and ECS clarifies that EMAS-AMC AS has not filed for such protection. “The liquidation of […]

  • 25 October 2019
    Business & Finance

    The High Court of the Republic of Singapore has granted Emas Offshore’s request to be placed under judicial management.

  • 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 […]

  • 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 […]

  • 3 March 2017

    Emas Offshore has sought for an extension from its bankers to wrap up documentation needed for refinancing of its financial obligations and the provision of additional working capital facilities.  Emas Offshore Limited (EOL) announced on October 30, 2016, the group has reached in principle agreements with the substantial majority of its principal bankers on the refinancing of […]

  • 25 September 2015
    Business & Finance

    EMAS Offshore has appointed Adarash Kumar (“Capt. Kumar”) as the company’s new chief executive officer, effective September 25, 2015. Jon Dunstan, the current CEO has resigned in order to pursue other interests outside of the company but will remain with the company to handover and assist Capt. Kumar until February 2016. Kumar has stepped down […]

  • 22 July 2019
    Business & Finance

    Singapore’s struggling offshore vessel operator Emas Offshore has filed an application with the high court of the Republic of Singapore to be placed under judicial management.

  • 29 September 2017

    Singapore’s offshore vessel provider Emas Offshore, and Malaysia’s counterpart Perisai Petroleum are still at loggerheads over a put option agreement entered into in 2012. Perisai owns a 51 percent stake in SJR Marine, a company which owns the ‘Enterprise 3’ derrick lay barge, with Emas owning the remaining 49 percent. The two companies agreed to […]

  • 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 […]

  • 16 December 2016

    Ezra Holdings, a Singapore conglomerate and a parent to offshore services provider EMAS AMC, is under pressure after its subsidiary failed to pay charter fees for some of its vessels. EMAS AMC has informed Forland Subsea it won’t be able to pay charter hire for Forland’s Lewek Inspector vessel for October 2016. Actually, the company […]

  • 23 April 2018

    Singapore’s struggling offshore vessel operator Emas Offshore has returned two offshore vessels it had leased from Singa Offshore

  • 15 February 2017
    Business & Finance

    Necotrans Singapore has filed an application to wind up Ezra’s associate company EMAS AMC. Ezra informed it was made aware on February 13, 2017, that Necotrans Singapore has filed a winding up application with the High Court of the Singapore on February 06, 2017. EMAS AMC is a wholly owned subsidiary of Emas Chiyoda Subsea […]

  • 16 August 2011
    Business & Finance

    EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), continues to boost its orderbook of marine and/or offshore construction contracts. The latest contract win was awarded to EMAS AMC, the Group’s offshore construction division, […]

  • 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 […]

  • 5 May 2015
    Business & Finance

    Ezra informed that the company’s board has appointed Lionel Lee as chairman of Ezra’s subsea services division, EMAS AMC. In his role as EMAS AMC chairman as well as being part of Ezra’s EXCO, Lee will direct the development and execution of the Group’s subsea strategy, together with the EMAS AMC team. EMAS AMC accounts […]

  • 28 October 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), announces that its subsea construction division, EMAS AMC, has been awarded a contract by BP Exploration & Production, Inc.  EMAS AMC will perform subsea work […]

  • 20 September 2019

    Malaysian offshore support vessel owner Intan Offshore has canceled an anchor handling tug charter deal it had with Emas Offshore.

  • 11 June 2015
    Business & Finance

    EMAS Offshore Limited, an offshore services provider offering offshore support, accommodation, construction and production services to the oil and gas industry, has secured a contract valued at more than $30 million, including options. According to the press release, this contract is part of a larger project awarded to EMAS AMC, the Subsea Services division of […]

  • 23 December 2016

    Singapore’s Emas Offshore and Malaysia’s Perisai Petroleum Teknologi have reached a settlement agreement in a dispute over put options in their joint venture SJR Marine.  Oilfield services provider Perisai holds 50% interest in SJR Marine with an option to sell the entire share to Emas, which already holds the remaining 49% interest. Since early October 2016, […]

  • 29 September 2014
    Business & Finance, Operations & Maintenance

    EMAS Offshore, formerly known as EOC, has launched public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore (MAS), in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Limited. The Group is offering 48,585,000 shares priced at S$1.21 per share. “We are pleased […]

  • 14 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    SpeedCast, a satellite communications service provider, has been awarded a multi-year contract from EMAS AMC, EMAS’ subsea construction services division. SpeedCast will provide satellite network connectivity for a total of 12 of EMAS AMC’s vessels, which perform a wide variety of missions including offshore pipe lay, installation and subsea construction. EMAS AMC’s vessels are built […]