Bareboat win for Otto as it offloads jv stake

 

Singapore: In another busy day of announcements for Singapore-listed Otto Marine, the firm said it has sold its 50% stake in Otto Limin Marine for $797,000 to Limin Marine. 
 
Otto also revealed that its subsidiary Koi Marine has entered into two bareboat charter agreements to charter two units of 61M work maintenance vessels to Malaysia’s Expro Synergy. Koi chartered the vessels to the charterer for a six-month charter period with purchase obligation at the end of the charter period.  [01/10/13]
 
 
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