SINGAPORE (Yosefardi) – Otto Marine Limited said its shipyard division has sold an Anchor Handling Tug Supply Vessel (AHTS) to a renowned unrelated third party (Buyer) for US$100 million.
This AHTS is the 4th and final of the VS491 series the Group has built in this batch. It is currently under construction at Otto Marine’s shipyard in Batam, Indonesia, and is expected to be completed in 2Q2015.
GO Offshore (L) Private Limited, a subsidiary of the Group, will charter the vessel for 8 years upon the completion of the vessel.
Otto Marine is a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion of offshore support vessels (OSV).