Thursday, 17th April 2014

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Otto Marine enters new markets with $15m in contracts

 
Singapore: Otto Marine has secured $15m worth of operating contracts for three of its offshore service vessels, marking the entry into new markets like Middle East, West and South Africa. Karp Marine, an operating unit of Otto, won time-charter contracts for the three offshore vessels. One vessel named Oranda 1 will be deployed with Leighton Engineering in the Leighton Iraq Project. A second vessel Seasafe Salvo will be deployed in Cameroon with Perenco Rio Del Rey and a third vessel Seasafe Supporter will be deployed in South Africa with De Beers Marine. [21/07/11]

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