Otto Marine charters 2 PSVs in multimillion deal with global oil major
In a three- year deal, two PSVs ( platform supply vessel) have been chartered by a global oil major in Australia. This deal brings Otto Marine’s net order book to approx. US$ 64million ( AUD80million).
Michael See, group executive director at Otto Marine said: “With the over 50% plunge in oil prices, investors were cautious with the industry as a whole. While oil companies are cutting back on their capital expenditure budget, certain operational activities are still active as usual, hence there is still demand for supporting vessels from trusted business partners.”