The 36-month charter contracts (including options) involve two 4,000-dwt platform supply vessels, which will be deployed in Australia in March-April.

Otto did not identify the vessels, but the only ships listed on the Clarksons database that match this spec are two new units built at Wuchang SB Group that were slated for delivery in 2015.

Michael See, Otto’s executive director, said: “With the over 50% plunge in oil prices, investors were cautious with the industry as a whole.

“While