It now has $450m of revenue contracted, with an average term of between three and five years.
Otto said booming exploration and production activities, along with rising demand for offshore vessels, is expected to drive up rates.
The owner will primarily focus on North Sea, African and Australasian markets, as well as penetrating into cabotage-protected areas like Malaysia and Indonesia.
CEO Garrick Stanley said: “The oil and gas sector outlook remains healthy and continue to spur on demand for our offshore support vessels.”
“We
