Hai Jiang 1401 issued a notice of termination last Friday to Ezra subsidiary Lewek Champion Shipping related to a sale and leaseback deal signed in 2014.

In early 2014, Ezra sold its Lewek Champion pipelay and heavy-lift construction vessel to ICBC for US$200 million and leased it back under a 10-year deal. Hai Jiang 1401 has terminated the bareboat charter with immediate effect and is now seeking US$194.5