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Otto Marine starts arbitration against Robert Knudzen Shipholdings

Otto Marine has commenced arbitration in Singapore against Robert Knutzen Shipholding and Mr Robert Knutzen for charter contract disputes.

Otto’s claim relates to bareboat charters from 2009 for two 6,000-bhp anchor handling tug supply (AHTS) vessels chartered to the Robert Knutzen Shipholding. The original contract was for a firm period of five years at $8,500 per day, plus an optional two-year extension.

The Singapore-listed company claims the charterer is in default for $2,834,471.56 in total unpaid charter hire plus interest.

Mr Robert Knudzen is the personal guarantor for his company’s obligations under the bareboat charterparties.

“The company is working closely with its lawyers to take all necessary actions, including but not limited to progressing the said arbitrations and enforcing any arbitral awards against Mr Robert Knudzen as a personal guarantor so as to safeguard as well as protect the interests and the assets of the group,” Otto said today in an exchange filing.

Otto has become noticeably litigious of late. Last week, the Singaporean group’s subsidiary Otto Offshore filed an arbitration claim at the Singapore International Arbitration Centre (SIAC) against an unnamed shipyard for the construction of a maintenance work vessel.

The group is also involved with another legal dispute with a creditor, which filed an application to wind up Otto’s subsidiary Go Offshore due to $180,000 in unpaid debts.

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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