Otto Marine hauls in time-charter contract

The contract is expected to generate up to US$18.5 million with options.

Otto Marine Limited announced that it has secured a long term time-charter contract for its Landing Craft, CS Ann Marie, through its subsidiary Go Offshore Pty Ltd with an extension option.

For the minimum scheduled period of the charter, the contract is expected to generate about US$15.1 million.

CS Ann Marie is of BV 1 Hull Mach Deck Ship for Unrestricted Service classification, measures 63.0 meters in length and 14.6 meters in breadth.

Go Offshore will charter CS Ann Marie to an oil & gas major to support its Construction and Drilling works in North West Shelf of Western Australia.

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