• 2015 June 11 13:02

  Otto Marine secures charter contract worth USD 27 mln

  

  Otto Marine Limited announced, that its wholly - owned subsidiary, Swordfish 1 Pte Ltd had entered into a  long term bareboat charter  contract  worth USD27 million  to  charter one unit of 238 - men Work Maintenance Vessel to an offshore  vessels operator in the South East Asia region. The vessel is expected to be  delivered for charter  in  3Q2015.

  The charter is expected to have a  positive contribution to  the  consolidated  earnings per share or consolidated  net tangible assets per share of the  Company  and the Group  for the  current  financial year ending 31 December 2015 . Save for their shareholdings in the Company, none of the directors or controlling  shareholders of the Company has any interest, whether direct or indirect,  on  the  above  transaction.

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