Otto Marine contracts on two AHTS for the Congo

May 16, 2012
Otto Marine Ltd. (SP.OTML) has chartered two anchor-handling tug supply vessels for work offshore Africa.

Offshore staff

SINGAPORE– Otto Marine Ltd. (SP.OTML) has chartered two anchor-handling tug supply vessels for work offshore Africa.

A three-year time-charter contract worth $14.8 million covers its 7,200 bhp AHTS with DP-2 capabilities,Beluga 2. It also secured a four-month contract worth $1.8 million for its 8,000 bhp AHTS, Redfish 3.

Both vessels will be operated by Global Workboats Private and will deploy off the coast of Congo in the African waters.

5/16/2012