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Tuesday, March 21, 2017

What led to Ezra's bankruptcy in USA?

2 ship owners cancelled chartering agreements with Ezra and Ezra's invoices were piling up fast.  The shipping industry is a precarious environment and many shippers cannot withstand recessions or economic downturns.  However, this is often not highlighted by analysts in their qualitative section of their research reports.

1 comment:

Eric Ho said...


Ezra owns about 75% of Emas offshore & 61% of Triyards.

Creditors will become corporate raiders if they want to recover their monies back.