Otto Marine Limited Company News

Recent Articles

Results 34 articles shown

Singapore's Offshore Marine Firm Otto Marine Gets Delisting Offer
Thursday, June 09, 2016 Offshore marine company Otto Marine receives a proposal from Ocean International Capital to delist from the Singapore Exchange.

Otto Marine Clinches $68.5M Charter Contract for OSV to Work Off Australia
Wednesday, March 02, 2016 Singapore's Otto Marine clinches a $68.5 million charter contract for an offshore support vessel to work offshore Australia.

Otto Marine's Unit to be Preferred O&M Service Provider for Port Operator
Friday, January 22, 2016 Singapore-based Otto Marine unit GO Offshore signs deal to become the preferred offshore and marine service provider for a port operator.

Otto Marine, Port Operator Study Development of Yard Facility in Batam
Monday, January 11, 2016 Otto Marine enters into a memorandum of understanding with a unnamed port operator to study the potential development of a fabrication and marine facility at its shipyard in Batam, Indonesia.

Otto Marine Clinches $26M Contract for a Newbuild Work Maintenance Vessel
Monday, December 07, 2015 Otto Marine clinches a $26 million contract for a newbuild work maintenance vessel for deployment to Asia Pacific.

Otto Marine Enters into $25.2M Contracts to Supply 2 AHTS Vessels
Thursday, September 03, 2015 Singapore-based Otto Marine's subsidiary Go Offshore enters into contracts to provide two anchor handling tugs supply vessels to a large oil and gas company for $25.2 million.

Otto Marine's Newbuild Work Maintenance Vessel Prepares for SEA Charter
Friday, August 21, 2015 Otto Marine accepts delivery of a work maintenance vessel that was built in China, with the newbuild to commence a charter in Southeast Asia soon.

Otto Marine Secures $26M Loan to Refinance Surf Challenger MPCV
Monday, July 06, 2015 Otto Marine secures $26 million loan to refinance the Surf Challenger multi-purpose construction vessel.

Otto Marine Lands $131M in New Orders in 2Q 2015, Lifted by Chartering Unit
Tuesday, June 30, 2015 Otto Marine secures $131 million contract in new orders in the second quarter, thanks largely to its chartering business.

Otto Marine's Subsidiary Wins $27M Deal to Supply Work Maintenace Vessel
Thursday, June 11, 2015 Otto Marine's subsidiary wins a $27 million contract to provide a work maintenance vessel to a Southeast Asian offshore vessels operator.

Otto Marine Repays Debt to Get Winding Up Application Withdrawn
Tuesday, April 28, 2015 Otto Marine repays an outstanding debt as it updates on a winding up application filed with the Singapore High Court.

Creditor Applies to Singapore High Court to Wind Up Otto Marine
Monday, April 27, 2015 Otto Marine faces an application by its creditor to wind up the Singapore-based offshore marine group that specializes in the subsea and deepsea segment.

Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.

Otto Marine Appoints Michael See as CEO, Replacing Garrick James Stanley
Thursday, April 02, 2015 Otto Marine appoints Michael See as CEO, replacing Garrick James Stanley who has been appointed president of the firm's shipping and chartering segment.

Otto Marine Secures $64M Contracts for 2 PSVs to Work Offshore Australia
Monday, February 09, 2015 Otto Marine secures long-term charter contracts for two platform service vessels to an oil major in Australia.

Otto Marine Sells AHTS for $100M, Subsidiary to Lease Vessel Upon Delivery
Monday, December 29, 2014 Otto Marine sells an anchor handling tug supply vessel, now under construction in Indonesia, for $100 million.

Otto Marine Bags $53M AHTS Charter Contracts for Work Offshore Australia
Tuesday, August 26, 2014 Otto Marine bags $53 million charter contracts to provide 2 anchor handling tug supply vessels for work offshore Australia.

Otto Marine Seeks to Raise Profile, Competitiveness of Subsea Services Unit
Monday, August 25, 2014 Otto Marine aims to develop the international profile and competitive position of its subsea services unit.

Otto Marine Secures $404M in Charter Contracts for OSVs in 1H 2014
Tuesday, July 15, 2014 Otto Marine secures $404 million of charter contracts for its offshore support vessels in the first half of this year.

Otto Marine to Sell 3 AHTS Vessels to Go Marine Services for $37.5M
Monday, June 30, 2014 Otto Marine inks deal to sell 3 anchor handling tug supply vessels to Go Marine Services for $37.5 million.

Norshore Bags Top Hole Drilling Work from Shell for Sabah's Malikai Project
Friday, May 09, 2014 Norway's Norshore bags a top hole drilling contract from Shell for the Malikai oil field development offshore Sabah, Malaysia.

Otto Marine Secures $21M Contracts for MPSV to Work in Vietnam, Australia
Thursday, March 20, 2014 Otto Marine secures $21 million charter contracts for multipurposes offshore supply vessel Go Explorer to work in Vietnam and Australia.

Otto Marine Bags $25M Charter Contracts for 3 Offshore Support Vessels
Thursday, March 13, 2014 Otto Marine bags $24.9 million charter contracts for three offshore support vessels.

Otto Marine Exercises Option to Acquire GO Emerald Vessel from Sinwa
Tuesday, March 11, 2014 Singapore's offshore marine firm Otto Marine exercises option to acquire the GO Emerald vessel for $5.5 million from Sinwa Limited.

Otto Marine Names Norshore Atlantic MPDV in Ceremony at Batam Shipyard
Monday, March 03, 2014 Otto Marine holds a naming ceremony for the "Norshore Atlantic" multipurpose drilling vessel at its Batam yard in Indonesia.

Otto Marine Wins $11M Deal for AHT Vessel to Work off West Australia
Thursday, February 13, 2014 Otto Marine secures $11.3 million charter contract for an anchor handling tug vessel to work in West Australia waters.

Otto Marine Secures $40M Charter Deal for Newbuild AHTS
Monday, February 10, 2014 Otto Marine secures a $40 million charter contract for a newbuild anchor handling tug supply vessel Go Pegasus for work in the North Sea.

Otto Marine Wins Deal to Supply PSV to Support Atwood Eagle in Australia
Friday, February 07, 2014 Otto Marine wins an $8 million contract to provide a platform supply vessel to support the Atwood Eagle semisub in Australia.

Otto Marine Sells 2 Work Maintenance Vessels for $30M
Wednesday, February 05, 2014 Otto Marine sells two work maintenance vessels to Go Marine Services for $30 million.

Otto Marine's Subsidiary Sells 7 Vessels to RSOV Marine for $10M
Monday, January 06, 2014 Otto Marine's subsidiary Go Marine sells seven vessels to RSOV Marine for $10 million.

Otto Marine Signs MOAs to Sell 2 AHTS Vessels for $120M
Monday, November 04, 2013 Otto Marine signs two memorandum of agreements to sell two anchor handling tug and support vessels for a total of $120 million.

Otto Marine Charters 2 Workboats to Expro Synergy for $32M
Tuesday, October 01, 2013 Otto Marine charters two work maintenance vessels for a six-month period to Expro Synergy for $32 million.

Otto Marine Inks $170M Sale, Leaseback Deal for 2 AHTS
Tuesday, July 30, 2013 Otto Marine sells two anchor handling tug supply vessels for $170 million.

RY Offshore Acquires Offshore Support Vessel
Tuesday, July 02, 2013 RY Offshore acquires an offshore support vessel from Singapore-based Otto Marine for around $50 million.