Singapore's Otto Marine Limited reports that it has secured newbuilding orders worth $38.5 million each for two 12,000 bhp AHTS vessels. The orders have been placed by Go Marine Group Pty Ltd., an Australian-incorporated provider of offshore and inshore marine services to the oil and gas industry.
Go Marine, in which Otto Marine has a 19 per cent equity interest, recently acquired an 8,000 bhp AHTS from Otto Marine for $24 million.
The two newbuildings are expected to be delivered in the third quarter of 2012 and first quarter of 2013 respectively.
The 12,000 bhp AHTS vessels, 78.2 m x 18.5 m, are well-equipped with the latest technology and equipment, and capable of delivering 150 T bollard pull.
Headquartered in Singapore, the Otto Marine owns and operates one of the largest and most sophisticated shipyards in Batam, Indonesia.
September 9, 2011
Otto Marine books newbuilding orders for AHTS duo
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