Otto Marine Limited, a Singapore based offshore marine company has secured a long term time-charter contract for its Landing Craft, CS Ann Marie, through its subsidiary, Go Offshore Pty Ltd (“Go Offshore”) with an extension option.
The contract is expected to generate about US$15.1 million for the minimum scheduled period of the charter and up to US$18.5 million with options.
CS Ann Marie is of BV 1 Hull Mach Deck Ship for Unrestricted Service classification, measures 63.0 meters in length and 14.6 meters in breadth. CS Ann Marie boasts a deck area of 555m 3 and is capable of 3,885 tonnes of cargo deck load.
Go Offshore will charter CS Ann Marie to a world-class oil & gas major to support its Construction and Drilling works in North West Shelf of Western Australia.
Managing Director of Go Offshore, Mr Garrick Stanley, commented :“We are honored to partner with such a prominent and established oil & gas major for this contract. This is a strong vote of confidence on our execution capabilities. We will work on ensuring smooth completion of this project and impress upon our customer our dedication and commitment.”
Press Release, August 31, 2012