Otto Marine secures charter for its second unit of new 238-men DP2 Work Maintenance Vessel for US$26 million
Otto Marine Limited, a leading offshore chartering group, which owns and operates more than 50 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion of offshore support vessels (“OSV”), announced today that it has secured a long term bareboat charter contract worth US$26 million on 4 December 2015.
The charter was for a 238-men, DP2 Work Maintenance Vessel that measures 85 meters in length and 23 meters in width. It has a clear deck area of 635 m 2 , and is equipped with a deck crane of 80-ton lifting capacity. The vessel is currently being built at a third-party yard, and is expected to be delivered by the end of 2015. The vessel will be deployed in the Asia Pacific Region once the charter starts.
About Otto Marine Limited
Otto Marine Limited is an offshore marine group, which owns and operates a large fleet of offshore support vessels and is engaged in offshore fabrication, shipbuilding, ship repair and conversion of offshore vessels including deeper water applications offshore vessels. Headquartered in Singapore, the Company owns/leases a nd operates more than 50 offshore vessels and operate one of the largest shipyards in Batam, Indonesia - one of the most sophisticated yards in Asia Pacific. The yard is building to ABS, DNV and Norwegian class standards. Its customers are primarily deep sea and offshore operators and equip ment companies who provide logistics support and offshore services to companies operating globally in the oil and gas industry.