Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has signed a Memorandum of Understanding (“MOU”) for the newbuilding of 5 cement carriers, the Group said in a press release.
The 5 cement carriers have capacities in the range of 7,500 deadweight tonnes (“DWT”) to 15,000 DWT. Conversion works will be carried out in Otto Marine’s shipyard in Batam.
Apart from the firm orders, there is also potential for the Group to secure contracts for the conversion of 2 additional bulk carriers into cement carriers, and a further order for a 3,500bhp Ocean Towing Tug from the same Indonesian customer.
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.