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Otto Marine lands shipbuilding and chartering contracts

Otto Marine lands shipbuilding and chartering contracts
Singapore’s Otto Marine has landed a shipbuilding contract worth $8m and a chartering contract valued at $7.5m.

Otto Marine has won a deal to construct two 3,200-hp harbour tugs for an Indonesian state-owned company.

The pair of new tugs are scheduled to be delivered in the fourth quarter of 2017 and will operate in Indonesian waters.

Singapore-listed Otto Marine’s wholly-owned Go Offshore International also secured a chartering contract to provide a liftboat equipped with heavt lift crane for offshore wind farm installation.

The vessel will be used in an offshore wind farm installation and development project in Southeast Asia. Under the contract, Go Offshore will be managing, manning and operating the vessel.