Mortgaged Ezion vessel sold for $29.2 mil to repay bank loans
Jeffrey Tan • • 1 min read
The cash consideration will be utilised to repay the secured bank loans, says Ezion.
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Ezion Holdings’ wholly owned subsidiary Teras Fortress 2 (TF2PL) has disposed of a liftboat to Virgo Shipping for a cash consideration of US$22 million ($29.2 million).
Virgo Shipping is mainly involved in the business of chartering of ships and vessels to support the marine and offshore oil and gas industry.
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