Ezra was a total basket case, never met anyone that thought any different including their staff.
Yes they had one nice boat they had no clue how to operate.
( you will notice only Singapore owned banks loaned them money the foreign banks knew better)
Lionel was never up to the job ( selling land in Thailand now) He has zero respect in the industry.
They have burnt DBS for billions and Temasek has burnt another billion in worthless shares which they have a habit of buying just to convince the market the company is a going concern. EZRA nearly went under a few years ago but the gov pumped more cash in to keep it alive (Temasek owns DBS bank)
There reputation was “never completed a job without outside help”.
Did we mention the crooked re listing in Oslo without having provided any staturtory returns for years?
Name one company in the Offshore business anywhere that hasn’t been in the red, through restructuring, or worse.
I said Ezra built quality boats, while many other Singapore companies built cheap to “maximize profit for the owner families”.
I did NOT say that EZRA as a company were necessarily well run, especially when the market went south.
I know all the companies mentioned in the articles you linked to and more.
I’m also familiar with the people behind them. Some I have known for 30 years, or more, others more recently.
Sure they have all been hammered but EMAS was the poster child for turning several billion dollars into nothing with the help of the Singapore gov so big loss to the tax payer.
In that regard PRM seems to be the survivor?
Speaking of cheap crap, did you ever see Pangs dive boat built in China…
They almost had to tow it here to finish it.
I knew a few involved in the diving side so went on board to have a look, should have been scrapped before the first contract.