Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Otto Marine in $34m charter deal

Otto Marine in $34m charter deal

Singapore: Otto Marine has chartered out an accommodation work barge for $34.2m. The Singapore-listed company has chartered the 300-man accodomodation work barge on a bareboat basis to Petra Resources for three years. Petra Resources has options to buy the vessel after the sixth, 12th, 24th and 36th months of the contract. "We are pleased to usher in the Year of the Tiger with a new ship chartering agreement. Ship chartering, with its steady cash flow, remains a key pillar of Otto Marine's growth," said Lee Kok Wah chief executive of Otto Marine. [19/02/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg