Work-class ROV, image: FMC Technologies
Otto Marine Limited announced today they have appointed UOB Kay Hian Holdings Limited to advise on strategic options that will enable them to develop the international profile and competitive position of its subsea services unit, Surf Subsea Pte Ltd. Options include listing on the Singapore Exchange.
Commenting on the Group’s strategic approach, Mr Michael See, Group Executive Director, said “The exploration of strategic alternatives for Otto Marine demonstrates our commitment to enhancing shareholder value and sharpening our strategic and financial focus. We believe there are avenues that could afford Otto Marine more versatility to make strategic investment decision to take full advantage of the compelling prospects of the subsea segment and to better position the business for its customers, partners and employees.”
Headquartered in Singapore, Otto Marine owns/leases and operates 64 offshore vessels and one of the largest shipyards in Batam, Indonesia.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,785 members that receive our newsletter.
Have a news tip? Let us know.
By Wladimir Pantaleone and Angelo Amante PALERMO, Italy, Dec 20 (Reuters) – Acourt on Friday acquitted Italian Deputy Prime Minister Matteo Salvini of charges of kidnapping over 100 migrants aboard a boat he had...
Denmark has rejected a Japanese request to extradite anti-whaling activist Paul Watson over criminal charges dating back more than a decade, a Danish lawyer representing Watson said on Tuesday.
The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...
Maritime and offshore news trusted by our 109,785 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
