Otto Marine sells multi-purpose field support and ROV support vessel to RY Offshore Limited
The Board of Directors of Otto Marine Limited announces that its shipyard has, through one of the company’s wholly-owned subsidiaries, sold a Multi-purpose Field Support and ROV Support Vessel “Otto Explorer 3” to RY Offshore Limited for an aggregate consideration of approximately US$50 million, said in the company's press release. Upon completion of the sale, the buyer will charter the vessel to the company’s subsidiary, Go Marine Group Pty Ltd.
The Vessel is being built at the shipyard in Batam, Indonesia and will be handed over to the buyer following the completion of final inspection.