ECS group files court motion to terminate charter on affiliate's vessel
It says vessel is under arrest and it's unable to determine how long that will last
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Singapore
EMAS Chiyoda Subsea has filed a debtor's motion with the US bankruptcy court to reject what remains of a 10-year bareboat charter on Lewek Champion, a vessel in Emas Offshore Limited's operating fleet.
The move is likely to put pressure on Emas Offshore Limited to secure a replacement charter for Lewek Champion to service the outstanding financial obligations tied to a sale and leaseback deal for the vessel.
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