SINGAPORE (Yosefardi) – Otto Marine Limited, a leading offshore marine company which owns and operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, has secured charter contracts worth approximately US$404 million in the first half of 2014.
Backed by strong long term relationships with leading Oil and Gas companies, Otto Marine enjoys a healthy order book that stood at approximately US$450 million as at 30 June 2014, with an average contract tenor of 3 to 5 years.
Moving forward, Otto Marine’s primary focus will be placed upon capitalizing on its high growth in markets such as North Sea, Africa and Australasia as well as penetrating into cabotage-protected areas to increase its presence in high-potential regions in Malaysia and Indonesia via key partnership with the GO Marine Group.
Headquartered in Singapore, the company owns/leases and operates 64 offshore vessels and one of the largest shipyards in Batam, Indonesia – one of the most sophisticated yards in Asia Pacific.