Otto Marine bags US$21m charter contract in Africa

“Beluga 1” will be operated by Global Workboats and be deployed off the coast of Nigeria.

Otto Marine Limited, an offshore marine company which specializes in building offshore support vessels, announced that it has entered into a time charter contract for an initial value of US$ 20.8 million over 3 years, with an option to extend for a further 1 + 1 year, bringing the potential value of the contract up to US$ 35.0 million.

The 7,200 bhp AHTS with DP class 2 capabilities “Beluga 1” vessel will be operated by Global Workboats Private Limited (“Global Workboats”) and deployed off the coast of Nigeria, and be part of a growing fleet of vessels servicing the West African offshore market.

The vessel is currently undergoing routine maintenance at Otto Marine’s Batam shipyard. Including “Beluga 1”, Global Workboats will have a total of 4 offshore support vessels deployed in African waters. Other 3 vessels already deployed include two 61 meters utility vessels and one 8,000 bhp AHTS.
    

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Tags: Otto Marine, charter contract, Africa, Nigeria, Beluga 1