Otto Marine Limited has secured two long term charter contracts for two Platform Service Vessels (PSV) to an oil major in Australia.
Under the contracts, two 4,000 deadweight ton (dwt) capactiy PSVs will be mobilized to Australia in March – April. Each of the two contracts secured comprises of a firm charter period and option, adding the total charter tenure of up to 36 months.
Total contract value for the firm period and options for the two vessels is approximately $64 million (AUD 80 million).
With the latest orders, the Group’s net order book stood at approximately more than $400 million as at Jan. 31.