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Otto Marine secures approximately US$404 million worth of charter contracts In 1H2014


Published Jul 16, 2014
Otto Marine Limited

Otto Marine Limited has secured charter contracts worth approximately US$404 million in the first half of 2014 (1H2014).

With global offshore support vessels (OSVs) footprint across Africa, Asia, Australia, India, the U.S., the Gulf of Mexico and the North Sea, Otto Marine takes advantage of its strong complementary shipyard to achieve economies of scale, supporting its very own fleet renewal, expansion and upgrading program to ride on the increasing demand for OSVs.

Backed by strong long term relationships with leading Oil and Gas companies, Otto Marine enjoys a healthy order book that stood at approximately US$450 million as at 30 June 2014, with an average contract tenor of 3 to 5 years.

Tags: Otto Marine Limited




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