Otto Marine Signs MoU for Five Cement Carriers (Singapore)

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announced that the Group has signed a Memorandum of Understanding  for the newbuilding of 5 cement carriers.

The 5 cement carriers have capacities in the range of 7,500 deadweight tonnes to 15,000 DWT. Conversion works will be carried out in Otto Marine’s shipyard in Batam.

Apart from the firm orders, there is also potential for the Group to secure contracts for the conversion of 2 additional bulk carriers into cement carriers, and a further order for a 3,500bhp Ocean Towing Tug from the same Indonesian customer.

[mappress]

Otto Marine, September 5, 2013