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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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