Otto Marine Limited, an offshore marine company that specialises in building offshore support vessels, has signed an MoU to build five cement carriers and carry out conversion works. The new vessels will have capacities ranging between 7500 dwt to 15 000 dwt and the conversion works will be carries out in the company’s shipyard in Batam. Further potential exists for the conversion of two additional bulk carriers into cement carriers, as well as an order for a 3500 bhp Ocean Towing Tug from the same Indonesian customer.
Garrick Stanley, the company’s Chief Executive Officer, said that the group is pleased with the good order flow. “Since the beginning of the year, we have made preparations and put in place a strong operational team to drive our focus on ship repair, conversion and fabrication projects going forward. Apart from our mainstay focus on the offshore and marine sector, concentrating on these services allows us to benefit from the growth in other sectors such as the cement industry,” he said.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/06092013/otto_marine_signs_mou_for_cement_carriers_157/