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Chiyoda Corp (6366.T)

6366.T on Tokyo Stock Exchange

1,038JPY
23 May 2018
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¥537

Latest Key Developments (Source: Significant Developments)

Ezra Holdings responds to article "Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea"
Friday, 3 Feb 2017 

Ezra Holdings Ltd : Refers to article titled "Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea" published in Business Times . Co's investment in, shareholders loan to and inter-company balances owed by ECS Group amounts to US$170 million . Clarifies that co is assessing impact of writedown and anticipated downgrade of investments in ECS and subsidiaries . "Board wishes to clarify that company has no dispute with Bibby Offshore" . "Bibby Offshore's claims are against ECS, which company does not control" . Refers to article "Ezra in choppy waters as trade claims pile up" published in Straits Time on 2 February . Will continue to work with advisors to review all options to restructure businesses, operations and balance sheet . Article in Straits Times states subsea services provider Bibby Offshore had filed for arbitration against Emas Chiyoda Subsea, claiming it is owed a US$14.7 million . Also assessing impact of loans extended to ECS Group by its joint venture partners, Chiyoda Corp and Nippon Yusen Kabushiki Kaisha . Had recorded a net current liability position of US$887.2 million for financial year ended 31 August 2016 . Emas-Amc had defaulted on payment of charter hire for october 2016, due for payment on 30 November 2016.  Full Article

Ezra says EMAS Chiyoda subsea consortium secures $1.6 bln contract from Saudi Aramco<6366.T>
Thursday, 21 Jul 2016 

Ezra Holdings Limited : EMAS Chiyoda subsea consortium clinches US$1.6 billion contract from Saudi Aramco . Consortium of EMAS Chiyoda subsea and Larsen & Toubro Hydrocarbon Engineering (LTHE) awarded US$1.6 billion EPCI project in the Arabian gulf . Deal will see EMAS Chiyoda subsea and LTHE provide integrated engineering, procurement, construction and installation services .Deal will see EMAS Chiyoda subsea and LTHE provide services for development of second phase of the Hasbah offshore gas field.  Full Article

Chiyoda seen winning 100 bln yen LNG plant order in Indonesia - Nikkei
Thursday, 7 Jul 2016 

Nikkei: Chiyoda seen winning LNG plant order in Indonesia; order will likely be worth roughly 100 billion yen in all - Nikkei . Chiyoda's Indonesia plant expected to go onstream in 2020 with annual output capacity of 3.8 mln tons - Nikkei .LNG produced at Chiyoda's Indonesia plant will be sold to Indonesia's state-owned utility, Japan's Kansai Electric Power - Nikkei.  Full Article

Australian LNG could fuel Japan's hydrogen push -Woodside CEO

ADELAIDE, May 15 Australian gas could find a big new outlet in its traditional top export market, Japan, as the country pushes to switch to clean hydrogen fuel, the chief executive of Woodside Petroleum said on Tuesday.