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Otto Marine bags $24.9m AHTS charter contracts

Otto Marine bags $24.9m AHTS charter contracts
Singapore's Otto Marine has secured a charter contract worth $24.9m for three anchor handling tug supply (AHTS) vessels.

From May this year, the 8,000-bhp Redfish 4 and 10,800-bhp Go Canopus will be deployed for work on long term charter in Mexico.

A third AHTS vessel, the 5,150-bhp Go Altair, has been contracted for short term towage project from Singapore to West Africa.

“Going forward, our intention is to entrench our position in the industry with a diverse and comprehensive fleet of OSVs to suit the varying needs of our customers. We undertake a periodic review of our fleet profile to maintain an average age of below 10 years,” said Garrick Stanley, ceo of Otto Marine.

“Monitoring the pulse of the offshore and marine industry closely to assess the scale and type of OSV demand, we hope to expand our fleet to be one of the leading OSV charterers in the region,” he added.

TAGS: Offshore