Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which owns and operates a large fleet offshore support vessels, shipyard and offers specialized offshore services, is pleased to announce that the Group will be holding a vessel naming ceremony for ‘Go Phoenix’ at Marina Keppel Bay, Singapore, on 6 September 2013, the Group said Thursday.
Norwegian designed and DNV classed, Go Phoenix is a highly complex VS491 24,000bhp Anchor Handling Tug Supply (“AHTS”) vessel which is the second of four of its kind to be built in Asia on a turnkey basis. Counted among the world’s ultra large AHTS vessels, it is a hybrid propulsion diesel electric driven vessel which is environmental friendly and fuel efficient. Equipped with dynamic positioning 2 technology (“DP 2”), fire fighting 2 capabilities and up to 260 tonnes of bollard pull, ‘Go Phoenix’ is capable of operating in harsh environments of oil and gas fields globally.
‘Go Phoenix’ is the second of such vessels to be completed by Otto Marine. The third vessel is expected to be completed next month, while the fourth is scheduled for completion in early 2014. Apart from the North Sea, demand for vessels of these specifications have also picked up in Brazil and Asia Pacific in recent years. Indeed, the first 24,000bhp vessel completed by Otto Marine is deployed in Asia Pacific, and recently completed the rigmove of one of the largest rigs in the region for an oil major.
The Group will focus its shipyard operations on repairs, conversion and fabrication works as shipyard capacity is gradually freed up with the completion of the remaining VS 491, 24,000bhp vessels. With the yard’s strategic location in Batam, Otto Marine is well placed to leverage on the Indonesian government’s requirement for local content and capitalise on the higher level of activities in the offshore and marine industry.
Singapore-headquartered Otto Marine Limited is an offshore marine group engaged in specialized shipbuilding of offshore vessels for Deep Sea applications, ship repair and conversion. Otto Marine is chartering out its own fleet of clean/comfort class Anchor Handling Tugs and Offshore Supply vessels. Otto Marine is the majority shareholder in the seismic operator, Reflect Geophysical. The Company owns and operates one of the largest shipyards in Batam, Indonesia. Otto Marine customers are primarily deep sea and offshore operators and equipment companies who provide logistics support and offshore services to companies operating globally in the oil and gas industry.
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