Scandoil  

Otto Marine secures charter for its second unit of new 238-Men DP2 work maintenance vessel


Published Dec 9, 2015
Otto Energy Limited

Otto Marine Limited has secured a long term bareboat charter contract worth $26 million.

The charter was for a 238-men, Dynamic Positioning 2 (DP2) Work Maintenance Vessel that measures 279 feet (85 meters) in length and 75 feet (23 meters) in width. It has a clear deck area of 6,835 square feet (635 square meters), and is equipped with a deck crane of 80-ton lifting capacity. The vessel is currently being built at a third-party yard, and is expected to be delivered by the end of 2015. The vessel will be deployed in the Asia Pacific Region once the charter starts.

Commenting on the secured charter contract, Michael See, Group CEO said,“Further to the first unit of the 238-men, DP2 Work Maintenance Vessel that we took delivery and chartered out to the South East Asia region in August 2015, we are pleased to secure the charter for another vessel in the series that is on schedule for delivery. This is in line with our strategy to maintain a healthy quantity of our own vessels in the fleet, in view of the better margins they can generate. Our strategy to upgrade and renew our fleet and increase the number of younger vessels has also gradually enhanced our business fundamentals.

Tags: Otto Marine Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml