Otto Marine, a Singapore-listed offshore marine company which owns and operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, reported Wednesday that the Group has secured a charter contract amounting to $11.3 million for its vessel, Go Emerald.

Go Emerald will be deployed for work on long term charter in West Australian waters for a renowned oil and gas player. Built in 2009, Go Emerald is a 2,800 brake horsepower (bhp) Anchor Handling Tug vessel with 423.6 deadweight tonnage and 36.5 tons bollard pull.

“The global offshore oil and gas industry is thriving, and we are pleased to see that Otto Marine is partaking in this positivity with a good charter contract momentum from around the world. With encouraging rig orders and more focus on deepwater exploration, the Group has begun to implement plans to expand our fleet to take advantage of this trend. Our objective is to build a young fleet to cater to our clients’ needs, which will include a comprehensive selection of vessel types across various tonnages.” Garrick Stanley, CEO said.