PROCUREMENT NEWS

Singapore : Otto Marine secures US$16.6m worth of ship chartering contracts

Published 17 May 2012

Otto Marine Limited on Wednesday announced it has secured ship chartering contracts worth a total of US$16.6 million with two AHTS vessels in the African waters.

The first contract is a three-year time-charter contract worth US$14.8 million for its 7,200 bhp AHTS with DP class 2 capabilities \"Beluga 2\".

The second contract is a four-month contract worth US$1.8 million for its 8,000 bhp AHTS, \"Redfish 3\".

Both vessels will be operated by Global Workboats Private Limited and deployed off the coast of Congo in the African waters.

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