Independent journal on economy and transport policy
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The Otto Marine group of Singapore has bought 49% of the Australian Go Marine
Option in order to acquire being remained 51% of the vital one within next the 12 months
February 7, 2011
The Otto Marine group of Singapore, through the society integrally controlled Otto Ventures Pte Ltd. , it has bought 49% of the capital of the Australian Go Marine, society that work services offshore and inshore for the industry of the oil and the gas, and has obtained an . The transaction has a value of about 20 million dollars Australian (USA 20,2 million dollars).
Otto Marine is a society of constructions, naval repairs and conversions specialized in the realization of unit for the offshore field and has a great ship yard to Batam, in Indonesia. The group has also an own fleet of ships, currently constituted by twenty unit between tugs and Anchor Handling Towing & Supply Vessels, employees rental. Moreover Otto Marine, through Otto Ventures, stops about 81.6% of the capital of the Reflect Geophysical, society of Singapore that has a fleet of seven seismic ships.
"The investment in Go Marine - it has explained the president and managing director of Otto Marine, Lee Kok Wah - constitutes an element important for our objective to constitute a consisting fleet for the chartering which part of our activities. To moreover it offers to a strategic platform for the supply of marine services for the flourishing Australian market us of the oil and the gas. This agreement is sure sinergico is for Otto Marine who for Go Marine. Previously we have rented ships to Go Marine and now, with their arranged logistic and operating experience with ours in the field of the shipbuilding, of the armament and of the technology, we are in a dominant position in order to head for projects in the important Australian market, that it anticipate many projects of world-wide levatura in the fields of the oil and the gas".
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Otto Marine group of Singapore, through the society integrally controlled Otto Ventures Pte Ltd. , it has bought 49% of the capital of the Australian Go Marine, society that work services offshore and inshore for the industry of the oil and the gas, and has obtained an . The transaction has a value of about 20 million dollars Australian (USA 20,2 million dollars).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
