Otto Marine celebrates first newbuild orders for nearly two years

Offshore builder Otto Marine has secured new shipbuilding orders for two offshore vessels for a total value of $27.8m in a major fillip for the yard which had been struggling financially for the past year.
The new shipbuilding contracts are for constructing two identical units of 5,150 bhp anchor handling tug supply vessels (AHTSs). The two AHTSs will be approximately 62 m in length and will be delivered in the second half of 2014 to unspecified Indonesian owners.
“These new orders are the first shipbuilding contracts that we have taken in almost two years,” admitted relieved cfo Michael See.
Source: Sea Ship News