• Home
  • News
  • Otto Marine secures charter contract for Sea Frost worth approximately US$8.0 million
  • 2014 February 6 16:31

    Otto Marine secures charter contract for Sea Frost worth approximately US$8.0 million

    Otto Marine Limited, a leading offshore marine company which owns a nd operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, is pleased to announce the confirmation of time charter contract for Platform Supply Vessel (“PSV”) - Sea Frost, for approximately US$8.0 million, the company said in its press release.

    Under the contract, which has recently commenced, Sea Frost has been contracted to support the Atwood Eagle rig located in Australia for a period of 152 days. The client, a renowned oil and gas exploration and production company, has the option of extending the contract for an additional two terms based on the same terms and conditions. Completed in 2013, Sea Frost is the latest addition to the Group’s fleet, held under subsidiary Go Marine Group Pty Ltd. Measuring 88.8 meters in length, Sea Frost is an 8,600 bhp PSV with 1,025 square meters of deck space. It is DNV classed and equipped with dynamic positioning 2 (DP2) technology.

    About Otto Marine Limited

    Otto Marine Limited is an offshore marine group which owns and operates a large fleet of offshore support vessels and is engaged in specialized shipbuilding of offshore vessels for primarily Deep Sea applications. The shipbuilding includes ship repair and conversion. Headquartered in Singapore, the Company owns/leases and operates 64 offshore vessels and one of the largest shipyards in Batam, Indonesia - one of the most sophisticated yards in Asia Pacific. The yard is building to ABS, DNV and Norwegian class standards. Its 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. Otto Marine’s specialized approach has allowed it to build up its expertise operating a large offshore fleet and through its shipyard constructing high specification deep sea and offshore support vessels. This quality and level of sophistication has enabled the Company - as one of the few in Asia - to gain recognition as a Marine Services company operating a large deepwater fleet of support vessels with its shipyard focusing on its fabrication, ship repair and building for local content requirements of its clients.


2022 January 17

19:02 Thyssenkrupp plans to spin off electrolyser business
18:16 Konecranes delivers three more Rail-Mounted Gantry cranes to Port of Virginia
18:00 Gazprom experts join editorial advisory board of PortNews’ magazine Hydrotechnika
17:46 ICTSI Subic welcomes Wan Hai’s consolidated service
17:33 Average spot market price for Russian M100 product rose to RUB 26,989 pmt
17:26 ICS and IRENA sign a Partnership Agreement to support the decarbonisation of the shipping sector
17:14 Concordia Maritime sells P-MAX vessel
16:51 Passenger Terminal Amsterdam expands business by adding river cruise under the new name Cruise Port Amsterdam
16:31 Ballastwater Equipment Manufacturers’ Association recognized by the IMO
16:04 ABP to construct a new ro-ro facility at the Port of Immingham
16:04 Maersk Tankers to launch decarbonisation hub
15:39 Throughput of port Vysotsk in 2021 fell by 9% Y-o-Y
15:14 The PAV and the València City Council collaborate in the installation of a pilot device for generating electricity from waves
14:57 Port of Ust-Luga throughput in 2021 rose by 7% Y-o-Y
14:40 BPA selects the Dongwon New Port Container Terminal Consortiaum to operate the Busan New Port’s West Container Terminal
14:13 TotalEnergies, Green Investment Group and RIDG secure ScotWind leasing rights to develop a 2 GW windfarm in Scotland
14:00 Throughput of Port St. Petersburg climbed by 4% in 2021
13:38 APM Terminals Aarhus adds reefer plugs to meet record volumes
13:25 FESCO vessel set sails to Antarctica to supply Indian scientific stations
12:52 HPA and DAKOSY receive funding for digital test bed at Port of Hamburg
12:18 MTG supports V International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
12:02 Bloomberg: Italy’s ferry operator Moby files for Chapter 15 bankruptcy
11:56 Port of Antwerp cargo throughput up 3.8% to 240 million tons in 2021
11:49 Vostochny Port increased its throughput by 14.4% over five years
11:07 Optimarin expands global sales team in market push for BWT retrofits and newbuilds
10:54 MABUX: Bunker price may increase on Jan 17
10:24 Dual-fuel ferry for Ust-Luga-Baltiysk line to arrive at Baltiysk soon
09:56 IAA PortNews’ summary of previous week news
09:30 Crude oil market sees moderate increase of prices
09:12 Baltic Dry Index as of January 14

2022 January 16

16:03 Norwegian Cruise Line introduces Norwegian VIVA
14:17 SCHOTTEL to supply propulsion systems for new Italian LNG bunkering vessel
13:38 Wilhelmsen Ship Management takes a majority stake in Ahrenkiel Tankers to strengthen its position in the tanker market
12:19 Simpson Spence Young acquires Anchor Shipbroking Inc.
11:02 Forever Oceans signs deal with Brazilian Gov't for world’s largest offshore concession for sustainable seafood production

2022 January 15

14:27 NGOs join local residents and First Nations in fight against toxic shipbreaking in British Columbia
13:02 Balk Shipyard joins forces with Zhongying
12:48 ENEOS and Marubeni to introduce an environmental-friendly fueled ethylene carrier
11:37 Offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35% this decade
10:52 CMA CGM announces inaugural call at Port of Wilmington in North Carolina

2022 January 14

18:36 Ernst Meyer appointed Torvald Klaveness CEO from April 1st, 2022
17:56 The Valencia Containerised Freight Index stabilises its growth with an increase of 4.14% in December
17:51 Some 700 samples of sea water and atmospheric air tested at CPC Marine Terminal sites near Novorossiysk in 2021
17:26 PSA container throughput up by 5.6 % to 91.5 mln TEUs in 2021
17:06 HHLA Sky and the HPA form technology partnership at the Port of Hamburg
16:35 Shell signs contract with thyssenkrupp for green hydrogen plant
16:15 Maersk launches new reefer train service between Algeciras and Marin
15:56 Throughput of Russian seaports in 2021 rose by 1.7% Y-o-Y
15:33 Port Vitino investor to announce design competition in Q1’2022
15:14 The newest Viking's ocean cruise ship floats out at the shipyard in Ancona
15:13 A.P. Møller - Mærsk announces revenue of USD 18.5bn for Q4 2021
15:00 Rosterminalugol handled 24.4 million tonnes of coal in 2021, down 8% YoY
14:46 Titan LNG collaborates with Corsica Linea on delivery of LNG and bioLNG in the Port of Marseille for Corsica Linea’s new Ro-Pax ferry
14:29 Throughput of Petersburg Oil Terminal fell by 2.2% in 2021
12:45 Russia's Main Department of State Expertise approves construction of LPG terminal in Primorsky Territory
12:23 Volvo Car Gent extends electric drive in North Sea Port
12:00 United Shipbuilding Corporation delivered 18 ships in 2021
11:48 Port of San Diego awards contract to double cruise ship shore power capability
11:17 A consortium of Japanese companies complete the “Joint Technological Development Programme for the Demonstration of Unmanned Ships”
10:56 Ships of RF Navy’s Pacific Fleet entered Indian port of Cochin