Otto Candies LLC, a marine transportation and towing company based in Louisiana, has signed a contract with ABS Nautical Systems for its NS5 Enterprise software. Otto Candies is implementing the Maintenance & Repair module on 20 of its offshore supply and diving vessels. They will be replacing their existing in-house system as a way to improve audit efficiencies. The Maintenance & Repair module allows vessel owners and operators to easily identify ship maintenance trends and efficiently plan for future maintenance work.
M/V Juanita Candies was successfully delivered to Otto Candies, Inc. The vessel immediately departed Mobile en route to Fouchon, La. to go on long-term charter to Conoco in support of their deepwater drilling program. Both Agnes Candies and Juanita Candies have gone to work on high profile, deep water drilling projects, which is exactly the kind of work they were designed to perform. Feedback from the Candies operations people confirm the vessels are performing their mission well
By Larry Pearson For many years Houma Fabricators, Houma, La. built passenger boats, offshore boats and other steel hulled vessels much like a dozen other shipyards in the Gulf south. In the mid-90's they built several large gaming boats for Iowa entrepreneur Bob Kehl. If you hadn't stopped by Houma Fabricators for the past two years, today you would not recognize the place. Purchased by Shipyard De Hoop of the Netherlands in 2001
Phoenix International, Inc., (Phoenix) announced today that it has signed a term charter agreement for the M/V ANNE CANDIES. The agreement includes options until August 2012. The M/V ANNE CANDIES is mobilized with a new, state-of-the-art Schilling Ultra Heavy Duty (UHD) intelligent Work Remotely Operated Vehicle (iWROV), and expands Phoenix’s subsea support capabilities to include infield development. The vessel is currently configured for deepwater inspection
Bender Shipbuilding and Repair, and Otto Candies have executed a contract calling for the construction of three 240 x 54 x 20 ft. (73.1 x 16.4 x 6 m) Diesel Electric Variable Frequency Drive Offshore Supply Vessels (OSVs). The contact is the continuation of the orders previously received from Otto Candies and the resultant construction of five OSVs and three 10,000 hp Anchor Handling Tugs. Bender designed and implemented state-of-the-art characteristics for the vessels
Oceaneering International charters multi-purpose subsea support vessel 'Cade Candies' for 5 years from Otto Candies LLC. This state-of-the-art, U.S. flagged vessel was built in 2010. It has an overall length of approximately 309 feet (94 meters), a Class 2 dynamic positioning system, accommodations for 69 personnel, a helideck, a 150-ton active heave compensated crane, and a working moonpool. Oceaneering's current rolling, short-term charter contract on the Cade Candies
The Deep Marine Technology, Inc. long term leased Agnes Candies Saturation Dive Support Vessel has completed its first job in the Gulf of Mexico. Working for Spectra Energy in 315ft water depth at Main Pass 282, the DPII Agnes Candies vessel, working with a 24hr crew on board, safely and efficiently performed Pipeline Remediation tasks for the Client. The Agnes Candies can be adopted for a large spectrum of work ranging from Repair and Installation to Inspection and Plug and
The Transportation Worker Identification Credential (TWIC) program is overly complex and could create the same delays for the maritime industry that recent changes in passport rules caused for American travelers, according to testimony by Offshore Marine Service Association Vice Chairman Otto Candies, III. Candies’ delivered his comments at a July 12 Congressional hearing. The hearing was held by the Coast Guard and Marine Transportation Subcommittee of the House Transportation and
A year after a shipbuilding contract dispute emerged between Otto Marine unit Otto Offshore and GC Rieber Shipping ASA, a settlement has been reached. Otto Marine announced that it has entered into a 'mutually beneficial global settlement' with GC Rieber, which includes settling the claims from last year and terminating the joint venture agreement for Polar Marine II Pte Ltd - the firm that is 49 per cent owned by Otto Marine and 51 per cent owned by GC Rieber.
Oceaneering International, Inc. (NYSE:OII) has announced that it has entered into a five-year charter for use of the Cade Candies, a multi-service subsea support vessel owned by Otto Candies LLC. The charter is expected to commence during the second quarter of 2013. This state-of-the-art, U.S. flagged vessel was built in 2010. It has an overall length of approximately 309 feet (94 meters), a Class 2 dynamic positioning system, accommodations for 69 personnel
Singapore’s offshore chartering group Otto Marine has bagged a OSV chartering contract worth up to $68.5m from an international oil and gas E&P firm. The charter, inked by Otto Marine’s wholly-owned Go Offshore
Singapore-based Otto Marine Limited has signed a Memorandum of Agreement to sell a Work Maintenance Vessel known as SOC ENDEAVOUR to an unspecified party through its wholly owned subsidiary, Koi Marine Limited.
After last week's media reports that an undisclosed party was looking to buy Singapores offshore marine company Otto Marine Limited, the company said that it received a proposal from RHB Securities Singapore Pte Ltd (RHB). RHB is the financial adviser to the potential offer
Shares in Singapore-based oilfield services firm Otto Marine Ltd jumped 37 percent on Thursday after the company received an offer from its majority shareholder to take it private. Executive Chairman Yaw Chee Siew, who owns 61 percent of the company, offered S$0
Offshore marine company Otto Marine Limited announced today the appointment of executive director Michael See Kian Heng as new chief executive officer. “I would like to extend my appreciation to the Board of Directors for their recognition and continual support of me
Otto Marine’s Shipyard delivered four newbuild vessels worth a total contract value of $36.6 Million Otto Marine Limited, an offshore marine group which owns and operates a large fleet of offshore support vessels with a worldwide presence
Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd – had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash. “The above transaction is not expected to have any material
Alfred Wegener Institute conducts research in the Arctic, Antarctic and oceans of the high and mid-latitudes has pointed out that there exists few opportunities to change: Ocean warming and oxygen loss are putting marine life under more and more pressure
Otto Marine Limited, a builder and charterer of complex offshore support vessels and specialized offshore services provider, announced that its wholly-owned subsidiary, Swordfish 1 Pte Ltd, has entered into a long-term bareboat charter contract worth $27 million.
Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has announced that in the second quarter of financial year 2015 (Q2FY2015) till date
Otto Marine Limited, an offshore marine company, announced that further to a long-term bareboat charter contract that was secured in June 2015, it has taken delivery of a 238-man work maintenance Vessel to fulfill that charter. The delivery ceremony for the vessel, Nautical Aliya
Konecranes portal cranes have evolved into effective 21st century management tools. Konecranes, whose portal crane design has been a proven performer for nearly 40 years, continues to develop this workhorse crane for demanding applications and environments in the steel, forest products
Go Offshore, wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The two contracts are in respect of two 16
Otto Marine Limited, an offshore marine company specializing in building complex offshore support vessels, ship chartering and offers specialized offshore services, has announced that its wholly-owned subsidiary, Otto Marine Shipyard Pte Ltd
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m in total. New contracts came along with Group's efforts in diversifying and expanding product portfolio in a weak market.