Singapore's Otto Marine Ltd. has sold through one of its wholly-owned subsidiaries, whose shipyard is located in Indonesia, the 2 Anchor Handling Towage & Supply Vessels (AHTS) to a third party buyer for re-chartering. The aggregrate price of the two AHTS was US$ 170-million. On or around the completion of the sale of the vessels, they would be chartered by the buyer to one of the company’s wholly-owned subsidiaries, Otto Fleet Pte. Ltd. (“Otto Fleet”), for a period of 8 years. The Vessels would in turn be hired by one of the Company’s subsidiaries, GO Offshore (Asia) Pte.