19 Mar '17, 11pm

Singapore's Ezra Holdings files for US bankruptcy

Singapore's Ezra Holdings files for US bankruptcy

Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, 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. 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, 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 difficulties of Ezra's business divisions," said Robin Chiu, the company's chief rest...

Full article: http://www.cnbc.com/2017/03/19/singapores-ezra-holdings-f...

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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 oil and gas index falls 1% after Ezra files for US bankruptcy protection

Singapore's oil and gas index falls 1% after Ez...

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...

#Ezra files for US bankruptcy as marine debt crunch spreads

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todayonline.com 20 Mar '17, 3am

SINGAPORE — Ezra Holdings, a Singapore-listed oil-field services group, filed for bankruptcy in the United States after we...

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

Bankrupt: Singapore’s Ezra Holdings Files Chapt...

gcaptain.com 18 Mar '17, 6pm

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankrupt...

Singapore banks, energy services stocks wobble ...

ft.com 20 Mar '17, 3am

All the benefits of Standard Digital, plus: Unlimited access to all content Instant Insights column for comment and analys...

Analysts mull outcome as Singapore's Ezra holdings seeks shelter from creditors

Analysts mull outcome as Singapore's Ezra holdi...

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...

Ezra Bankruptcy Adds to Singapore’s Sorry Offsh...

gcaptain.com 20 Mar '17, 2pm

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

via Bfly

bloomberg.com 20 Mar '17, 5am

Perhaps more importantly for companies like Ezra, or other oil services firms with operations outside of the city-state, S...

Lesson from Ezra Bankruptcy: Asset Rich, Cash F...

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...

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