20 Mar '17, 2pm

Ezra Bankruptcy Adds to Singapore’s Sorry Offshore Marine Story https://t.co/YLRUR8dYGA

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S. bankruptcy protection gave investors another cause for concern on Monday as its downfall added to troubles in Singapore’s offshore marine sector. Ezra is one of several marine firms hit by a downturn in oil prices since 2014 that has forced many to restructure debt and cut costs in a battle to stay afloat. Industry peers Swiber Holdings Ltd and Swissco Holdings Ltd have already sought refuge in court, while auditors have questioned the future of Nam Cheong Ltd . “No, (the pain) is not over yet,” said CIMB analyst Lim Siew Khee, who expects one to two more firms to default on debt in the next two years. In response, Singaporean banks – including Ezra creditors DBS Group Holdings Ltd and Oversea-Chinese Banking Corp – have been prep...

Full article: http://gcaptain.com/ezra-bankruptcy-adds-to-singapores-so...

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Singapore's Ezra Holdings files for US bankruptcy

Singapore's Ezra Holdings files for US bankruptcy

cnbc.com 19 Mar '17, 11pm

Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged...

#Ezra files for US bankruptcy as marine debt crunch spreads

#Ezra files for US bankruptcy as marine debt cr...

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...

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...

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...

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...

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...

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...

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...

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...

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