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Otto Marine wins charter contract worth $31.5m for three vessels

Published on Mar 13, 2014 10:32 AM

Offshore marine company Otto Marine said on Thursday it has clinched a charter contract worth US$24.9 million (S$31.5 million) for three offshore support vessels.

It will deploy two anchor handling tug supply vessels for long-term charter in Mexico starting in May.

A third such vessel will be contracted for a short-term towage project from Singapore to West Africa, Otto Marine said.

The company is headquartered in Singapore and operates 64 offshore vessels and one of the largest shipyards in Batam, Indonesia.