Ezion liftboat capsizes in the South China Sea

Singapore offshore operator Ezion Holdings has announced that one of the liftboats, Teras Lyza, has capsized in the South China Sea.

The unmanned Teras Lyza was being dead towed from Vung Tau, Vietnam to Taichung, Taiwan when it developed a sudden list to the stern, leading to it capsizing.

The lifeboat is currently still floating but upside down, and the company’s towing tug Teras Eden is continuing to standby at location with a view to ensure safety of navigation and to look out for any potential pollution. Teras Lyza is carrying 75 cu m of marine fuel.

There has been no report of injuries or casualties arising from the incident.

“Although there is no contractual obligation on the delivery of Teras Lyza for its potential job, the group will be looking at hiring in and/or building a replacement vessel,” Ezion said in a release.

According to Ezion, the liftboat is fully insured and does not expect any material negative impact on the company’s financial results.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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