Otto Marine wins US$26m contract
Published Mon, Dec 7, 2015 · 12:23 AM
OTTO Marine, an offshore chartering group, on Monday said it has secured a long-term bareboat charter contract worth US$26 million.
The charter was for a 238-men work maintenance vessel.
The vessel is currently being built at a third-party yard, and is expected to be delivered by the end of 2015. The vessel will be deployed in the Asia-Pacific region once the charter starts.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts