Otto Marine bags $31.5m sales order for platform supply vessel

Offshore marine firm Otto Marine has sold a platform supply vessel to Mermaid Maritime Australia for $31.5m, Seatrade-asia reports. The sale of its Norwegian design MT6009 MKII DNV Class vessel on Monday is the second order for Otto within one week. The Singapore-listed firm had last week sold two 8,000 bhp anchor handling tug supply (AHTS) for $43.4m. “Coupled with surging oil prices that will spur exploration activities, demand for platform supply vessels appears to be reviving,” said Lee Kok Wah, president and group ceo of Otto. “We are cautiously optimistic that 2011 will turn out to be a better year for new builds and Otto Marine is well-positioned to benefit from this recovery.”