Otto Marine Sells AHTS Triplet

Otto Marine Limited informed that its subsidiaries, Dolphin 2 Pte. Ltd., Dolphin 3 Pte. Ltd., and Dolphin 4 Pte. Ltd., have signed a Memorandum of Agreement to dispose of three of their vessels.

The 6,000 bhp Anchor Handling Tug SupplyVessels (AHTS) GO Avior, GO Hawk and GO Harrier have been sold to Go Marine Services (M) Sdn. Bhd., a company incorporated in Malaysia, for a sum of $37.5m.

The Otto Marine’s board believes that this transaction is in the best interests of the company and its shareholders, seeing that the purchase price took into account the proper market value of the vessels, and the gain from the transaction would improve the liquidity of the company and its subsidiaries.

Share this article

Follow World Maritime News

In Depth>


<< Feb 2020 >>
27 28 29 30 31 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 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >