02-05-2018, 09:53 AM
I was at the AGM on 30/04.
Management said the demand for liftboats is great , CEO Mr. Chew repeated few times it is not enough to meet the demand because many oil wells are choked and need services . The 3 new liftboats which Ezion is going to take delivery by end 2018 will be deployed , the existing lifeboats still under old contract will be renewed upon contract expiry.
He said 2018 will not be a good year because of old contracted rates , but 2019 will definitely be much better .
Management said the demand for liftboats is great , CEO Mr. Chew repeated few times it is not enough to meet the demand because many oil wells are choked and need services . The 3 new liftboats which Ezion is going to take delivery by end 2018 will be deployed , the existing lifeboats still under old contract will be renewed upon contract expiry.
He said 2018 will not be a good year because of old contracted rates , but 2019 will definitely be much better .