Michael See Kian Heng, Group Executive Director of Singapore-based offshore vessel owners & shipbuilders Otto Marine, says that his company reported revenue of US$512.0 million in year 2013, an increase of 36.8% over US$374.4 million in 2012. The shipping and shipyard segments were the main contributors to 2013’s revenue at 51.9% and 43.5% respectively. Revenue from the shipping segment remained stable at US$265.6 million in 2013. As at 31 December 2013, the Group’s fleet has expanded to 65 vessels, consisting of 23 owned vessels, 35 chartered in vessels and 7 vessels held with strategic partners. During the year, our fleet profile was significantly enhanced with the additions of Go Phoenix and Go Pegasus, which will be deployed to the North Sea.