SINGAPORE: Bearish bets on offshore marine services provider Ezra Holdings Ltd jumped close to the highest in a year as the failure of smaller rival Swiber Holdings Ltd heightened concerns for the financial health of companies in the oil industry.
Shares of Singapore-based Ezra plunged to the lowest level on record yesterday after Swiber said last week it filed a winding up petition as the collapse in crude prices led to a slump in its offshore oil and gas businesses. Swiber dropped the liquidation plan late on July 29, and said it planned to restructure and operate under judicial management.
