Join The Club
News
Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Otto Marine Completes Acquisition of Go Marine Group
Go Marine Group’s Sea Frost, a Ulstein PX-105-design PSV, is current on contract with Apache
Singapore-based Otto Marine announced today they have purchased the remaining 10 percent block of shares of Perth-based offshore services provider, Go Marine Group Pty Ltd.
Otto Marine’s wholly owned subsidiary Otto Ventures Pte Ltd owned 90 percent of Go Marine Group’s shares prior to today’s acquisition.
Go Marine Group’s Executive Director and Group CEO Garrick James Stanley is the beneficial owner of 89,335,714 new shares in Otto Marine Group, valued at USD $5 million.
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Be the First
to Know
Join the 105,983 members that receive our newsletter.
Have a news tip? Let us know.
Related Articles
Offshore
New Rule Aims to Protect U.S. Taxpayers from Bearing Offshore Decommissioning Costs
The Department of the Interior has announced a new rule aiming to ensure that costs related to the decommissioning of offshore platforms are covered by the oil and gas industry,...
Offshore
BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers
(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s...
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
