Otto ties up two

Otto Marine has tied up two of its anchor handlers on time charters with two oil majors in deals worth AUD 57m ($53m).

The 16,300-bhp DP2-rated GO Spica will be mobilised to Australia for a long term charter off the North West coast of the country.

Separately, the 16,300-bhp GO Sirius has secured term employment from an unnamed oil major for work out of Darwin.

Otto says the GO Sirius has been working in Australia for the past two years with multiple clients on back-to-back contracts supporting drilling and construction projects.

“The group has a long and successful track record in working with the oil majors,” said Otto chief executive Garrick Stanley.

“The group’s focus is to continue to divest from our smaller tonnage whilst focusing on deepwater anchor handlers, PSVs and IMR vessels around the world.”

On Monday Otto Marine announced that it had appointed UOB Kay Hian to advise on strategic options for its subsea business.

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