Ezion Holdings Signs LoI for Liftboat Charter

The Board of Directors of Ezion Holdings Limited announced that the Group has been awarded a letter of intent from a South East Asian State- linked corporation for the charter of one unit of Liftboat over a 4 year period with an approximate contract value of up to US$ 116.8 million.

The Liftboat is expected to be deployed in the waters of South East Asia upon its completion around the end of 2014.

Subject to the final definitive agreement between the Group and the client, the charter is expected to commence in 1st quarter of 2015.