Singapore: Otto Marine Enters Chartering Contracts for Its AHTS Vessels

Singapore - Otto Marine Enters Chartering Contract for Two AHTS Vessels

Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announced that it has secured ship chartering contracts worth a total of US$16.6 million for 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 (“Global Workboats”) 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.

Including “Beluga 2” and “Redfish 3”, Otto Marine now has a total of six offshore support vessels deployed in the African waters. Previous 4 vessels already deployed include two 61 meters utility vessels, one 75 meters MV and a 7,200 bhp AHTS.

Executive Director and Deputy President of Otto Marine, Mr Aw Chin Leng, commented:

“Offshore oil and gas sector remains robust in a number of areas in the African waters and the further expansion in Africa bodes well for Otto Marine’s strategy to strengthen the ship chartering arm. Our presence in Africa now boast six offshore vessels and we will continue to leverage on Otto Marine’s unique position in the African waters to gain a stronger foothold there.

In addition to strengthening the position in existing locations, we are also committed to evaluating prospects across new geographical locations.”

Managing Director of Global Workboats Private Limited, a 100% owned subsidiary of Otto Marine, specializing in offshore supply vessel operations, Capt. Mike Kelly, commented that “We are scaling up our operations in Africa to meet different clients’ needs with our expanding vessel portfolio. Global Workboats is enjoying an enhanced presence in the region with quality vessels that Otto Marine is providing, and looks forward to the successful completion of projects that Beluga 2 and Redfish 3 are embarking on.”

Source: Otto Marine, May 16, 2012

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Ferries Asia Summit

Propelling Regional Waterway Connectivity & Fleet-wide Operational Excellence

Ferry travel is in the limelight. The potential for driving tourism growth is immense – and for archipelago nations battling with urban congestion, ferry services pose a clean, efficient alternative in everyday public transport. But high-profile ferry accidents have brought ever greater attention to safety regulations for Asia’s maritime travel industry.

Amid these circumstances, how can vessel operators cope with ever-tightening safety requirements, while making the right decisions at the right time to capture rising demand? What are the smartest ways to improve service reliability and fleet quality, that maximize operating and capital spend? What are the industry’s best-practices for sustainable growth, and how can they be achieved?

Play your part! Join us at the Ferries Asia Summit 2017 to push forward the regional debate on making Asia’s ferry industry more progressive, safe, and commercially sustainable. Bringing together fast-ferry, RO-RO and ROPAX vessel owners along with international and domestic maritime regulators, classification agencies, shipbuilders and naval architects, this event connects the entire value chain for a meaningful holistic debate on ferry operations excellence in Asia.

WHAT’S ON THE AGENDA THIS YEAR?

Comprehensive debates on addressing the complexity of ferry safety in Asia: Is vessel age truly the greatest concern? How significant are other factors, and how can they be addressed?

Pathways to change through greater public-private collaboration

Contrasting viewpoints on the most effective ways to enhance operational stability & passenger management

Cost-efficient O&M strategies to extend vessel life & tips for stakeholder management to avoid purchasing mistakes

Integrating ferry business with tourism opportunities through strategic partnerships

Exciting formats including speed networking, panel discussions & a high-intensity fast-pitch ‘Shark Tank’!

For more information, click here to download the brochure.
If you would like to attend the event, register here before 3rd February to save USD 400.
Alternatively, email us at enquiry@iqpc.com.sg 
for any enquiries regarding the event.

More info

read more >

INMEX Vietnam 2017

The event is an exceptional meeting point for the global maritime community in Vietnam, a region where the industry remains buoyant and strong…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >