Otto Marine secures chartering contract and shipbuilding contracts

Otto Marine secures chartering contract and shipbuilding contracts

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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