Otto Marine clinched a $15m long term time-charter contract for its landing craft and up to $18.5m with options, Seatrade Asia online reports.
The 63-metre landing craft will be deployed in North West Shelf of Western Australia to support construction and drilling operations for a oil and gas major.
“We have been building up a healthy momentum of contract wins in our ship chartering division. This is definitely encouraging as we are gradually reaping the fruits of our strategy to expand our chartering arm,” said Aw Chin Leng, executive director and deputy president of Otto Marine.
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