Otto Marine enters new markets in Middle East, West and South Africa

News - July 21, 2011

| More

Otto Marine Limited has announced that one of its operating units, Karp Marine Limited, has secured vessel operating contracts worth US$15 million for three of the group’s offshore service vessels.

The contracts also mark the entry of the group in new markets including the Middle East, West and South Africa with respect to operating vessels in these regions.

The contracts are for time charter for three of Otto Marine’s offshore service vessels. One
vessel, Oranda 1, is a 75m, 4,200 bhp maintenance vessel and will be deployed with Leighton Engineering in the Leighton Iraq Project.

The contract forms part of the Iraq Crude Oil Export Expansion Project (ICOEEP) which is
developing offshore loading facilities to enable export capability of 4.5 million barrels of oil per day).

Another of Otto Marine’s vessels to be deployed is Seasafe Salvo, a 61m, 4,000 bhp maintenance vessel and will be deployed in Cameroon with Perenco Rio Del Rey.

The third vessel for which the vessel operating contract has been secured is Seasafe
Supporter,
which is an identical vessel to Seasafe Salvo. This vessel will be deployed
in South Africa with De Beers Marine (Pty) Limited.

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

FPSO Training Course Paris
01-03 December 2014
France, Paris.

OSEA 2014
02-05 December 2014
Singapore, Singapore.

Brazil Manning and Training
02-03 December 2014
Brazil, Rio de Janeiro.

Dynamic Positioning Seminar
04-05 December 2014
United kingdom, London.

Offshore Shipping Investment Africa
09-09 December 2014
United kingdom, London.

More events