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    Otto Marine secures US$43.4 million order to sell anchor handlers

    Yard News // March 31, 2011

    Otto Marine Limited has announced that its shipbuilding arm, Otto Offshore Limited, has entered into a sales agreement to sell two 8,000 bhp AHTS to a third party at a market price of US$43.4 million (approximately S$54.8 million equivalent).

    The two vessels are currently under construction and the group expects them to be completed by this year.

    Subsequent to the delivery of these two vessels, Redfish 3 Pte Ltd, a unit of the group will charter and deploy the vessels for sevev years. 

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