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Otto Marine secures $27m charter contract

Otto Marine secures $27m charter contract
Singapore’s Otto Marine has clinched a long term bareboat charter contract worth $27m to provide one 238-men work maintenance vessel to an offshore vessels operator in Southeast Asia.

The vessel is expected to be delivered for charter in the third quarter of 2015.

Otto Marine believes that the charter is expected to have a positive contribution to its earnings for the current financial year ending 31 December 2015.

TAGS: Offshore