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Otto Marine inks $32m workboats charter dealOtto Marine inks $32m workboats charter deal
Singapore-based Otto Marine has entered into two bareboat charter agreements on two work maintenance vessels to an affiliated Malaysia-based company Expro Synergy.
1 Min Read
Kalyakan - stock.adobe.com
The charter agreement is worth $32m to Otto Marine, a Singapore-listed offshore marine group.
Koi Marine, wholly-owned by Otto Marine, chartered the vessels to the charterer Expro Synergy for a six-month period with purchase obligation at the end of the charter period.
Expro Synergy is 49% owned by Go Marine, which is in turn a 90% owned subsidiary of Otto Marine.
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