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Otto Marine

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0.077 -0.001 (-1.28) 5,892 0.076 - 0.078

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Otto Marine: Strengthens Its Position In Africa As It Secures Additional US$16.6 Million Worth Of Ship Chartering Contracts For 2 AHTS.

16 May 2012 07:03 Otto Marine Limited is pleased to announce that it has secured ship chartering contracts worth a total of US$16.6 million with two AHTS vessels in the African waters. The Group has secured a 3-year time-charter contract worth US$14.8 million for its 7,200 bhp AHTS with DP class 2 capabilities "Beluga 2". In addition, the Group has also secured another 4-months 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. The two AHTS will be servicing the offshore oil and gas industry and will provide offshore support services to rigs and platforms...

More information available here.

Source: ShareInvestor Express
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