Singapore-listed offshore company Otto Marine has clinched charter contracts worth about $404M in 1H14. CEO Garrick Stanley attributed Otto's success to economies of scale, with the yard supporting its fleet renewal, expansion, and upgrading programme, riding on the increasing demand for offshore support vessels (OSVs). "The oil and gas sector outlook remains healthy and continues to spur on demand for our OSVs," he said. "We believe that vessel chartering services will continue to witness robust demand."
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