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This post is mainly to update on the corporate developments for the companies I own thus far for September 2009, as I would not like my month-end portfolio review to get too cluttered with words. I shall ease off some of the news flow in my month-end report and just briefly go through some salient points there, while highlighting other issues of interest in both the broad economy as well as Singapore-related news. In addition to posting the news and updates, I will also provide a small commentary on my views on the news and how I feel about the prospects of each Company.
Ezra Holdings Limited – On September 11, 2009, Ezra announced that they had clinched new and renewal charters for three of their AHTS vessels in the range of US$152 million. These contracts are for 5.5 to 6 years and they will make positive contributions through FY 2010 (beginning September 1, 2009 as Ezra has an August 31, 2009 year-end). Then, on September 16, 2009, Ezra announced that they had contracted for 5 ROV (Remote-Operated Vehicles) with Triton Group for US$23 million to boost their subsea division. These ROV will be deployed along with three incoming subsea-capable vessels to provide a more complete range of services for their clients. Triton will provide Ezra with ship interface engineering and installation services from its support in Singapore from September 2009 till delivery in 2Q 2010. Read more...[caption id="attachment_2152" align="alignright" width="150" caption="Photo by goincase"][/caption]
This post is mainly to update on the corporate developments for the companies I own thus far for September 2009, as I would not like my month-end portfolio review to get too cluttered with words. I shall ease off some of the news flow in my month-end report and just briefly go through some salient points there, while highlighting other issues of interest in both the broad economy as well as Singapore-related news. In addition to posting the news and updates, I will also provide a small commentary on my views on the news and how I feel about the prospects of each Company.
Ezra Holdings Limited – On September 11, 2009, Ezra announced that they had clinched new and renewal charters for three of their AHTS vessels in the range of US$152 million. These contracts are for 5.5 to 6 years and they will make positive contributions through FY 2010 (beginning September 1, 2009 as Ezra has an August 31, 2009 year-end). Then, on September 16, 2009, Ezra announced that they had contracted for 5 ROV (Remote-Operated Vehicles) with Triton Group for US$23 million to boost their subsea division. These ROV will be deployed along with three incoming subsea-capable vessels to provide a more complete range of services for their clients. Triton will provide Ezra with ship interface engineering and installation services from its support in Singapore from September 2009 till delivery in 2Q 2010. Read more...
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This post is mainly to update on the corporate developments for the companies I own thus far for September 2009, as I would not like my month-end portfolio review to get too cluttered with words. I shall ease off some of the news flow in my month-end report and just briefly go through some salient points there, while highlighting other issues of interest in both the broad economy as well as Singapore-related news. In addition to posting the news and updates, I will also provide a small commentary on my views on the news and how I feel about the prospects of each Company.
Ezra Holdings Limited – On September 11, 2009, Ezra announced that they had clinched new and renewal charters for three of their AHTS vessels in the range of US$152 million. These contracts are for 5.5 to 6 years and they will make positive contributions through FY 2010 (beginning September 1, 2009 as Ezra has an August 31, 2009 year-end). Then, on September 16, 2009, Ezra announced that they had contracted for 5 ROV (Remote-Operated Vehicles) with Triton Group for US$23 million to boost their subsea division. These ROV will be deployed along with three incoming subsea-capable vessels to provide a more complete range of services for their clients. Triton will provide Ezra with ship interface engineering and installation services from its support in Singapore from September 2009 till delivery in 2Q 2010. Read more...
