Singapore-based Otto Marine has bagged a charter contract worth $11.3m for its offshore vessel Go Emerald.

Go Emerald, a 2,800-bhp anchor handling tug supply (AHTS) vessel, will be deployed for work on long term charter in West Australian waters for an unnamed oil and gas player, according to Otto Marine.

“With encouraging rig orders and more focus on deepwater exploration, the group has begun to implement plans to expand our fleet to take advantage of this trend,” said Garrick Stanley, ceo of Otto Marine.

“Our objective is to build a young fleet to cater to our clients' needs, which will include a comprehensive selection of vessel types across various tonnages,” he added.