Otto Marine secures time charter contract for WMV SOC Endeavour
Otto Marine Limited ("Otto Marine" or the "Group"), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has secured a ship chartering contract for a firm 180 days, with option lo extend for 3 x 1 month + 3 x 1 year for its newly built 75 meters Work Maintenance Vessel, the Group press release said.
The contract is expected to generate approximately US$7.6 million for the minimum scheduled period of the charter and up to US$57.3 million with options.
The 4,200bhp Work Maintenance Vessel "SOC Endeavour" measures 75 x 24 meters and is ABS classified, will be deployed for general maintenance works in the Kuwaiti, UAE and offshore Iraqi waters. The vessel was delivered to charter in early June.
Otto Marine Limited is an offshore marine group engaged in Shipbuilding, Repair and Conversion, Ship Chartering and Specialised Services, with a focus on complex, sophisticated and environment friendly offshore support vessels.
Headquartered in Singapore, Otto Marine owns and operates one of the largest shipyards in Batam, Indonesia. Our customers are primarily f leet operators who provide logistics support to offshore service companies operating globally in the oil & gas industry.
