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Time is running short for Triyards

The shipyard firm will be hoping it will have more success than sister company EOL in restructuring its debts

Triyards (above) has already had to fend off a winding-up petition from a trade creditor and is facing, among others, claims from certain lenders amounting to about US$80.1 million.

EMAS Offshore (EOL) and Triyards are both subsidiaries of erstwhile stock market darling Ezra Holdings. Although of the same pedigree, one will be hoping not to share the same fate as the other.

Last week, the court moratoria shielding EOL and its subsidiaries from creditors' claims...

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