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Ezra Holdings told by Forland to pay up or be wound up

Singapore’s Ezra Holdings was served yesterday with a statutory demand from Forland Subsea over NOK25.5m ($3.09m) owed to the Norwegian company for the charter of subsea vessel Lewek Inspector. EMAS Chiyoda Subsea, the subsea venture 40% owned by Ezra, defaulted on the charter in December last year. The contract was guaranteed by Ezra Holdings, and […]