Ezra Holdings says it could launch insolvency proceedings as a result of a legal claim by US shipyard VT Halter.
The Singapore-listed offshore vessel owner, whose EMAS Chiyoda Subsea joint venture has already filed for bankruptcy protection in the US, says it could apply for winding up if it cannot pay the yard within the 21 days required.
VT Halter has lodged a claim for nearly $3.21m,
