Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to $7.5m.
The vessel under charter is a liftboat which will be used for an offshore wind farm installation and development project in the South East Asia region. Go International will be managing, manning and operating the vessel.
In the meantime, Otto Marine said its subsidiary PT Batamec has secured shipbuilding contracts worth about $8m for two harbor tugs from an Indonesian stated-owned company. The vessels are expected to be delivered in the fourth quarter of 2017.