Ezion offloads liftboat for $22m

Singapore-based liftboat operator Ezion Holdings has entered into a memorandum of agreement with Virgo Shipping for the sale of its 2015-built liftboat Teras Fortress 2.

The liftboat has fetched a price of $22m in the deal.

Ezion said the disposal will allow the company to stop incurring further operating costs and lower liabilities via partial repayment of bank loans.

According to Ezion, the buyer Virgo Shipping is Singapore-based company mainly involved in the business of chartering of ships to support the offshore oil and gas industry.

Ezion Holdings has been selling its vessels this year in order to ease its financial pressure, having sold wind turbine installation vessel Teras Ocean in September.

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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