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Otto Marine Secures US$25.2 Million Long Term Charter Contracts for 16,000bhp Ahts Vessels

Source: www.gulfoilandgas.com 9/3/2015, Location: Not categorized

Otto Marine Limited is pleased to announce that the Company’s subsidiary, Go Offshore Pty Limited (Go Offshore) has entered into two long term charter contracts (the Charter Contracts) in respect of two 16,000bhp large Anchor Handling Tugs Supply (AHTS) vessels (the Vessels) with a large Oil and Gas company, worth approximately US$25.2million.

Go Offshore is a wholly-owned subsidiary of the Company’s owned subsidiary, Go Marine Group Pty Ltd (Go Marine).

None of the Directors or controlling shareholders of the Company has any direct or indirect interest on the above transaction other than through their respective shareholding interests, direct or indirect in the Company, Go Offshore or Go Marine.

The above transaction is expected to have a positive impact on the consolidated net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2015.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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