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Go Marine Group Sells 7 Offshore Support Vessels

Singapore's Otto Marine Ltd. says that its 90% owned subsidiary, Go Marine Group Pty Ltd. has entered into a Memorandum of Agreement to sell the 7 vessels concerned to RSOV Marine Pte Ltd for an aggregate sum of US$10 million. The vessels are named: GO 4 IT, GO Puriya, GO Shaula, Piparn, Yikara, Minotaur and Centaur. Otto Marine add that Mr Yaw Chee Siew, its Executive Chairman and controlling shareholder…