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2013 March 12   17:38

Otto Marine rejuvenates its shipbuilding segment and secures 2 new build orders after two years

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, repairs, conversion and fabrication and ship chartering, announces that the Group has secured new shipbuilding orders for building two offshore vessels for a total value of US$27.8 million, the company reports.

The new shipbuilding contracts are for constructing two identical units of 5,150 bhp Anchor Handling Tug Supply Vessels (or AHTS). The two AHTS will be approximately 62 meters in length and will be constructed to meet ABS class requirements. The contracts are awarded by a renowned Indonesian operator that owns and operates a fleet of offshore and other vessels. The vessels are to be delivered in the second half of 2014.

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