Otto Marine's Indonesia-based shipyard PT Batamec will support the order.
The fabrication and assembly of pre-erected columns amount to a contract value of SGD2.7m while the pontoon blocks amount to contract value of SGD3.6m. Both projects are scheduled for delivery in June 2013.
“After a thorough restructuring and consolidation of our shipyard operations over the past years, the group is now better prepared to maximise our capabilities in shipbuilding, ship repair and conversion and fabrication,” said Michael See, executive director and group cfo of Otto Marine.
“Since the beginning of 2013, the group has made further progress in building our orderbook, and these contracts serve as an encouragement for us to push harder, to do more. Slowly but surely, Otto Marine is reviving its shipyard operations to reflect the healthy state of the region’s offshore oil and gas industry,” See commented.
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