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

Offshore

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

Vessels

Teekay Renews Hull and Propeller Monitoring for LNG Carriers

Canada-based shipping company Teekay Corporation has renewed its contract with Propulsion Dynamics for its hull and propeller performance monitoring system CASPER Service.

Confidence High in UK Logistics Sector

The latest U.K. Logistics Confidence Index commissioned by Barclays and Moore Stephens reveals that confidence in the U.K. logistics sector remains high but more

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0049 sec (205 req/sec)