Otto Completes Sale of ROV Support Vessel ‘Otto Explorer’

Otto Completes Sale of ROV Support Vessel 'Otto Explorer'

Singapore’s Otto Marine Limited today announced it has sold an ROV Support Vessel to RY Offshore.

The Multi-purpose Field Support and ROV Support Vessel, “Otto Explorer 3”, Otto Explorer 3 Limited, was sold for an aggregate consideration of approximately US$50 million.

Ry Offshore will now charter the vessel to the Company’s subsidiary, Go Marine Group Pty Ltd.

The 79.67 meters long vessel was built at the company’s shipyard in Batam, Indonesia.

 

[mappress]
Offshore Energy Today Staff, May 27, 2013

 

 

 

Related news

List of related news articles