Triyards, Emas Offshore bag new orders but post muted Q3 results
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE two Singapore-listed subsidiaries of offshore services group Ezra Holdings have announced new contract wins while posting subdued third-quarter results amid ongoing softness in the energy industry.
Triyards, Ezra's fabrication arm, said on Tuesday that it had bagged two orders for large liftboats worth US$175 million in total. This reflected growing demand for this vessel type, Triyards chief executive Chan Eng Yew said in a statement. Liftboats, which are self-propelled, are used in the production stage of the oil and gas supply chain in shallow waters.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
