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    Otto Marine secures first newbuildings for two years

    Yard News // March 12, 2013

    Otto Marine Limited has secured new shipbuilding orders for two offshore vessels for a total value of US$27.8 million.

    The new contracts are for two identical 5,150 bhp anchor handling tug supply vessels (AHTS).

    The two AHTS will be approximately 62m in length and will be constructed to meet ABS class requirements.

    The contracts were awarded by a renowned Indonesian operator that owns and operates a fleet of offshore and other vessels.

    The vessels are to be delivered in the second half of 2014.


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