18 Mar '17, 6pm

Bankrupt: Singapore’s Ezra Holdings Files Chapter 11 https://t.co/aKGzjt6bUn

Bankrupt: Singapore’s Ezra Holdings Files Chapter 11 https://t.co/aKGzjt6bUn

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry. The company had been trying to restructure and said in February it faced a “going concern issue” if it did achieve a favorable outcome. Related Book: Viking Raid by Matthew McCleery Ezra is one of several Singapore offshore and marine services firms that have been hit by a downturn in oil prices since in 2014. The company’s stock lost a fifth of its value in early March after it disclosed it had provided guarantees on nearly $900 million in liabilities and loans of Emas Chiyoda Subsea Ltd, an affiliate the also filed for U.S. bankruptcy. “Oversupply of offshore supply vessels along with the influx of newly built vessels resulting in low competitive charter rates compounded the financial d...

Full article: http://gcaptain.com/bankrupt-singapores-ezra-holdings-fil...

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Singapore's Ezra Holdings files for U.S. bankru...

reuters.com 18 Mar '17, 5pm

Oilfield services firm Ezra Holdings Ltd (EZRA.SI ) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming...

Singapore's Ezra Holdings files for US bankruptcy

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cnbc.com 20 Mar '17, 5am

"Oversupply of offshore supply vessels along with the influx of newly built vessels resulting in low competitive charter r...

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channelnewsasia.com 20 Mar '17, 2am

SINGAPORE: The Singapore oil and gas index fell more than 1 per cent in early trade after oilfield services firm Ezra Hold...

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todayonline.com 20 Mar '17, 3am

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gcaptain.com 20 Mar '17, 2pm

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s dec...

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thefinance.sg 19 Mar '17, 1pm

By now, some of you would have read Ezra’s filing for bankruptcy protection in the United States. Previously a billion dol...