Otto Marine delivers four vessels
Singapore’s Otto Marine announced today that its Indonesian shipyard, PT Batamec, has completed the construction of Harbour Tugs and two Anchor Handling Tug Supply (“AHTS”) vessels for PT Pertamina Trans Kontinental (“PTK”).
The deliveries consisted of two 3000 bhp Harbour Tugs, Patra Tunda 3151 & PatraTunda 3152, and two 5150 bhp AHTS, Transko Balihe & Transko Moloko, for a total contract value of $36.6 million.
Commenting on the vessel deliveries, Michael See, Group Chief Executive Officer, said: “While the Group strives to strengthen our position as a leading OSV operator, our shipyard remains an integral part of the business portfolio. The shipyard continued to tap on the cabotage market in Indonesia, and take selective shipbuilding orders to enhance our revenue base. The successful construction and delivery of the four vessels once again demonstrated Otto Marine’s expertise in building quality vessels, as well as our reputation among customers.
“We look forward to fostering closer business ties with PTK and look forward to more business opportunities. We expect the shipyard to make sustained contribution to the long-term growth of our Group, as it continues to provide fabrication, repairs and conversion services to our customers and to our own fleet, and build vessels for selective shipbuilding orders. ”