Otto Marine clinches charter contract

For illustration purposes only
For illustration purposes only

Otto Marine’s subsidiary, Swordfish 1 Pte Ltd, has entered into a long term bareboat charter contract for one of its Work Maintenance Vessel (WMV).

According to Otto Marine’s press release, the bareboat charter contract is worth $27 million.

The company will charter one 238-men WMV to an undisclosed offshore vessels operator in the South East Asia region.

The company also said that the vessel is expected to be delivered for charter in 3Q 2015.

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