Otto Marine wins deal worth up to A$94.8m

Singapore

Otto Marine, a Singapore-headquartered offshore marine group, has won an offshore support vessel (OSV) charter worth up to A$94.8 million (S$95.89 million) through its wholly owned subsidiary GO Offshore Pty Ltd.

The charter is for five years from May 2017 with an extension option for another five years. The contract value is A$47.4 million for the confirmed five years and A$94.8 million if the option is included.