Otto Marine Limited, a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion of offshore support vessels, announced today that it has secured two long term charter contracts for two Platform Service Vessels (“PSV”) to an Oil Major in Australia.
Under the contracts, two 4000 dwt capactiy PSVs will be mobilised to Australia in March – April 2015. Each of the two contracts secured comprises of a firm charter period and option, adding the total charter tenure of up to 36 months. Total contract value for the firm period and options for the two vessels is approximately AUD 80 million (or approximately USD64 million). With the latest orders, the Group’s net order book stood at approximately more than USD400 million as at January 31, 2015.