OTTO MARINE: Clinched newbuild orders worth US$77 million for 2 AHTS vessels

Otto Marine's executive chairman Yaw Chee Siew, with his lovely wife and son, graced the vessel naming ceremony at Keppel Bay Marina. All photos by Sim Kih

PRANCING LIONS, clashing cymbals and free-flowing champagne marked a ceremony on Friday night at Keppel Bay Marina where Otto Marine handed over the GO Rigel vessel to Go Marine.

The 8,000bhp AHTS vessel was sold for US$24.0 million, and will be deployed in the Bass Strait in Australia for a contract supporting the Origin Yolla Field Development.

It is a dynamically positioned class 2 AHTS equipped with Niigata engine that is capable of delivering 120T bollard pull.

Go Marine continues to be a highly valued client of Otto Marine, a Singapore-listed company which specialises in building complex offshore support  vessels, ship chartering and offers specialised offshore services.

Go Marine has ordered two more newbuilds - 12,000bhp AHTS worth US$38.5 million each - from Otto Marine.

These two units are expected to be delivered in 3Q2012 and 1Q2013 respectively.

 The 12,000bhp AHTS vessels, 78.2m x 18.5m, are equipped with the latest technology and equipment, and its powerful engines are capable of delivering 150T bollard pull.

Below are photos taken by Sim Kih during the vessel naming and handover ceremony.

Otto Marine built this 8,000 bhp AHTS vessel for Go Marine at US$24.0 million. The vessel was christened the “GO Rigel” and was handed over last Friday (9 Sep) at the Keppel Bay Marina.

Otto Marine CFO Michael See (left) and CEO Lee Kok Wah.

Go Marine chairman Mal Wardle (2nd from left) and managing director Garrick Stanley (3rd from left).

Financial PR manager Romil Singh (left) and Otto Marine finance manager Kua Chin Teck.

Visitors climbed four flights of steep stairways to get to the topmost deck, where the bridge is. The bridge is the navigational, command and control center of the ship, where the captain works.
L-R: AmFraser analyst Lee Yue Jer, Financial PR manager Romil Singh,
AmFraser CEO Ma Wei Tong.

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