Otto Marine books North Sea contract for newest AHTS

VS 491 design Go Pegasus

FEBRUARY 7, 2013 — Singapore headquartered Otto Marine has secured a charter contract worth $40 million for the Go Pegasus, a 24,000 bhp AHTS recently completed at its Batam, Indonesia, shipyard.

Go Pegasus will soon be mobilized and deployed to the North Sea where she will work for the summer season before commencing its term contract from September 2014. As part of the contract, the client also has options to extend the contract for an undisclosed period.

DNV classed and DP2 equipped, the VS491 design Go Pegasus is particularly suited for work in harsh environments.

“We are very happy to have secured a sizeable contract for Go Pegasus’ maiden project immediately after it joins our fleet,” says Otto Marine CEO Garrick Stanley. “In addition to enhancing our fleet profile, Go Pegasus will aid the Group in strengthening our presence in the North Sea and pave the way for future work in the region. This charter contract is a reflection of the strong interest we are receiving globally for vessels with this tonnage, and we hope to keep Go Pegasus highly utilized on projects around the world.”