Garrick Stanley News

OEM Group has secured a two-year contract worth up to £1 million with Go Marine to deliver engine support services to its fleet of vessels operating across the world for the oil and gas industry. Under the global technical support and services agreement, OEM Group will solely carry out the procurement of engine spare parts, electrical componants and systems, as well as providing personnel, project management and maintainence to support work across the different vessel types and regions Go Marine operates in around the world. The maritime company’s assets include ROV and dive support vessels, barges, offshore fire-fighting craft as well as a floatel, and operates in regions such as AsiaPac, West Africa, Gulf of Mexico, and the North Sea.

Otto Marine says it has clinched AUD57-million worth of charter contracts in Australia for two of its large deep water AHTS vessels. Otto Marine Limited, which owns and operates a large fleet of offshore support vessels, with shipyard and other specialized offshore services, says that it has secured time charter contracts with two oil majors for its deep water anchor handlers, GO Sirius and GO Spica. Employed in drilling and pre-lay support, the 16,300 BHP DP2 AHTS vessel GO Spica with a 210 tonnes bollard pull, will be mobilized to Australia for a long term charter off the North-West coast of Australia in August 2014. This vessel will be operated by the Group’s wholly- owned subsidiary, GO Marine Group.

Ulstein Design & Solutions has entered into a contract with Wuchang Shipbuilding Industry Co., Ltd, China, for the delivery of ship design and equipment for four PX121 type platform supply vessels. The shipowner is the Singapore based Otto Offshore Ltd., who will receive all vessels in 2016. The contract also includes an option for four additional vessels. These PX121 vessels are capable of supporting offshore activities which are being carried out further from shore and in deeper waters. The vessels can carry flexible loads.

Otto Marine Limited, an offshore marine company which owns and operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, informed that the group has secured charter contracts worth approximately $404 million in the first half of 2014 (1H2014). Backed by long term relationships with leading oil and gas companies, Otto Marine said it holds an orderbook that stood at approximately $450 million as at June 30, 2014, with an average contract tenor of 3 to 5 years.

Singapore-based Otto Marine inform it has named the 'Norshore Atlantic' –  which it considers to be the first vessel of its kind to be constructed in Asia –  at its Batam Shipyard in Indonesia. The new offshore service vessel has been built to the MT6022XL Norwegian design. The highly complex vessel classed by DNV is equipped with dynamic positioning 3 (‘DP3’) capability, and is primarily designed for riserless operation utilizing known and field proven technology. Norshore Atlantic is equipped to perform riserless drilling operations…

Singapore's Otto Marine says it has secured a long-term US$11.3-Million charter contract for its Anchor Handling Tug 'Go Emerald'. The owners inform that Go Emerald will be deployed for work on long term charter in West Australian waters for a renowned oil and gas player. Built in 2009, the vessel is a 2,800 bhp Anchor Handling Tug vessel of 423.6 dwt and with a 36.5 tons bollard pull. "The global offshore oil and gas industry is thriving, and we are pleased to see that Otto Marine is partaking in this positivity with a good charter contract momentum from around the world.

Otto Marine Limited confirm the time charter contract of their Platform Supply Vessel (PSV) - 'Sea Frost', for approximately US$8.0 million. Under the contract, which has recently commenced, Sea Frost has been contracted to support the Atwood Eagle rig located off the coast of Australia for a period of 152 days. Otto Marine add that the client has the option of extending the contract for an additional two terms based on the same terms and conditions. Completed in 2013, this vessel is the latest addition to the Group’s fleet, held under subsidiary Go Marine Group Pty Ltd.

Singapore's Otto Marine celebrate the completion of another unit of one of the world’s largest and most complex AHTS from its Batam shipyard, and also announce they have signed a MOU for newbuilding and conversion of cement carrier vessels. Norwegian designed and DNV classed, Go Phoenix is a highly complex VS491 24,000bhp Anchor Handling Tug Supply (“AHTS”) vessel which is the second of four of its kind to be built in Asia on a turnkey basis. Counted among the world’s ultra large AHTS vessels…