Otto Marine clinches two charter contracts in Australia

Otto Marine Limited, an offshore marine company which owns and operates a large fleet of offshore support vessels, hashas secured time charter contracts with two oil majors for its Deep Water Anchor Handlers, GO Sirius and GO Spica, worth AUD57 million.

Employed in drilling and pre-lay support, the 16,300 BHP DP2 AHTS vessel GO Spica with the 210 tonnes Bollard Pull, will be mobilized to Australia for a long term charter off the North West coast of Australia in August 2014.

This vessel will be operated by the Group’s wholly-owned subsidiary, GO Marine Group.

In addition to the GO Spica, another of the Group’s 16,300 BHP Vessel, GO Sirius, has secured term work out of Darwin in support of another Oil major. The GO Sirius has been working in Australia for the past two years and has obtained a very good track record with multiple clients in achieving almost seamless back to back contracts in supporting drilling and construction projects.

“The Group has a long and successful track record in working with the Oil majors. We are again honoured to have been selected and we look forward in maintaining our long standing relationships with this key client. It is with great pride that we see the GO Spica going to Australia to join the GO Sirius as part of our Deep Water support fleet. The Group’s focus is to continue to divest from our smaller tonnage whilst focusing on a Deep Water Anchor Handlers, PSV’s and IMR vessels around the world,” said Garrick Stanley, Chief Executive Officer.

Press Release, August 26, 2014

 

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