Otto Marine Ltd on Thursday said it has secured a US$10.0 million time-charter contract for its maintenance and construction/accommodation support vessel, Seasafe Supporter.
The contract will be for a firm 500 days with an option to extend for two months, said Otto Marine.
The group\'s wholly-owned subsidiary, Global Workboats, will charter Seasafe Supporter to a Dutch operator which will in-turn deploy the vessel to support offshore works in Gabon, in the west coast of Africa.
\"High oil price continues to stimulate E&P activities and demand for offshore support vessels remain encouraging,\" said executive director and deputy president of Otto Marine, Aw Chin Leng.
The contract will be for a firm 500 days with an option to extend for two months, said Otto Marine.
The group\'s wholly-owned subsidiary, Global Workboats, will charter Seasafe Supporter to a Dutch operator which will in-turn deploy the vessel to support offshore works in Gabon, in the west coast of Africa.
\"High oil price continues to stimulate E&P activities and demand for offshore support vessels remain encouraging,\" said executive director and deputy president of Otto Marine, Aw Chin Leng.