Otto Marine bags Indonesian product tanker order

Otto Marine bags Indonesian product tanker order

Singapore’s Otto Marine, currently the subject of a takeover bid from controlling shareholder Yaw Chee Siew, has secured a shipbuilding contract from an Indonesian state-owned enterprise for a 6,500dwt product tanker.

The order was secured by subsidiary, PT Batamec, and is valued at $14 million.

Otto said the vessel is scheduled for delivery in the second quarter or 2018 and will operate in Indonesian waters.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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