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Otto Marine bags $40m AHTS vessel charter dealOtto Marine bags $40m AHTS vessel charter deal

Singapore-based Otto Marine has secured a long term charter contract for its 24,000 bhp anchor handling tug supply (AHTS) vessel worth $40m.

Lee Hong Liang, Asia Correspondent

February 10, 2014

1 Min Read
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The newly-built Go Pegasus will soon be mobilised and deployed to the North Sea where it will work for the summer season before commencing its term contract from September.

As part of the contract, the client has options to extend the charter for an undisclosed period, according to Otto Marine.

“This charter contract is a reflection of the strong interest we are receiving globally for vessels with this tonnage, and we hope to keep Go Pegasus highly utilised on projects around the world,” said Garrick Stanley, ceo of Otto Marine.

The AHTS vessel was built at Otto Marine's yard in Batam, Indonesia. The offshore vessel is equipped with DP2 capabilities and is particularly suited for work in harsh environments.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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