Business briefing

Otto Marine snags long-term charter

OFFSHORE marine group Otto Marine has announced that it has secured a long-term charter contract worth US$40 million. The contract is for its 24,000 bhp anchor handling tug supply vessel, Go Pegasus, which will soon be deployed to the North Sea for the summer before commencing its term contract from September.

Chuan Hup Hldgs' Q2 net profit up 9.5%