Otto Marine Charters PSV Otto Explorer

Monday, January 18, 2010

Otto Marine Limited announced that it has successfully found a charter for its MT6009 PSV, named Otto Explorer. The vessel will be chartered out to the Group’s subsidiary, Singapore-based Reflect Geophysical Pte Ltd, on a bare boat charter for a contract term of 7+1+1+1 years.

The MT6009 PSV, a Multi Purpose Field Support Vessel (Hull 7037), is the first of her kind to be built in Asia on a turnkey basis. The MT6009 PSV is a DNV Class, diesel-electric propelled vessel that is environmentally friendly and provides its crew with comfort class specifications. The 3,200 DWT vessel is built with thin shell plates that allow cargo carrying capacity to be optimized. The MT6009 PSV is capable of operating in the harshest of deep-sea conditions including the challenging North Sea. The vessel measures 245 ft in length and has a deck space of approximately 600 square meters.

Reflect will take delivery of the vessel in May 2010 and will utilize it for seismic information gathering. The seismic ready vessel is currently being outfitted with the necessary seismic equipment at Otto Marine’s Batam shipyard. Reflect is expected to deploy the vessel for seismic information gathering in 2H2010.

The successful charter of the MT6009 PSV marks the commencement of Otto Marine’s new specialized services division. In this new business segment, Otto Marine intends to be a service and vessel provider to higher margin niche markets, such as the lucrative seismic and subsea segments. The group will now have three complementary business segments:
•    Shipbuilding & Ship Repair and Conversion
•    Ship Chartering
•    Specialised Offshore Services

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Oceanteam Financial Transformation Aids 2013 Business

Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA.

Bayport Dredging a Step Closer; Barbours Cut Pending

The U.S. Army Corps of Engineers has furnished the Port Authority its draft permit for the Bayport Channel Improvement project, Executive Director Roger Guenther

Coast Guard groundbreaking ceremony recogizes new support facility

Representatives from the 14th Coast Guard District, Coast Guard Base Honolulu and Mortenson Federal Contracting Group participated in a groundbreaking ceremony

Vessels

Life Rafts Not Functioning On Sunk Ferry's Sister Ship

South Korean investigators said on Friday that life rafts and escape chutes on a sister ship to a sunken ferry were not working properly. The Sewol ferry, weighing almost 7,

Historic Schooner Adventuress to Offer Tours at the Port of Everett

Historic Schooner AdventuressEverett, Wash. - National Historic  Landmark, the schooner Adventuress, will make its annual sail to visit the Port of Everett Marina April 26 - 29.

OSI to Integrate Software for UK Royal Navy

OSI Maritime Systems (OSI) announced the signing of a contract to integrate its flagship software, ECPINS-W Sub, into the U.K. Royal Navy’s T45 Destroyer Integrated Bridge System (IBS).

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1700 sec (6 req/sec)