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Otto Marine repeats $50m sale and charter back deal

Photo of Splash SplashJuly 1, 2013
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Singapore: For the second time in three months, offshore firm Otto Marine Limited has sold a Multi-purpose Field Support and ROV Support to RY Offshore Limited for around $50 million.
 
As with the previous sale in April, the vessel will be chartered back to Otto subsidiary Go Marine Group.
 
RY Offshore, which is 29% owned by Otto Marine chairman Yaw Chee Siew. [01/07/13]
 
 
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Photo of Splash SplashJuly 1, 2013
2 Less than a minute
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