Otto Marine Limited’s subsidiary, Go Offshore Pty Limited has entered into two long term charter contracts in respect of two 16,000bhp large Anchor Handling Tugs Supply vessels with a large Oil and Gas company, worth approximately US$25.2 million. Go Offshore is a wholly - owned subsidiary of the сompany’s owned subsidiary, Go Marine Group Pty Ltd.
The above transaction is expected to have a positive impact on the consolidated net tangible assets per share or earnings per share of the сompany for the financ ial year ending 31 December 2015 .