SEPTEMBER 5, 2013 — Singapore's Otto Marine is to hold a naming ceremony tomorrow to celebrate completion of Go Phoenix, the second of four 24,000bhp AHTS  being built at its Batam, Indonesia, shipyard.

The two remaining vessels will be completed by next month and by early 2014. Otto Marine says this will free up shipyard capacity to capitalize on increased offshore and marine activities in Asia.

Newly appointed CEO Garrick Stanley wants to grow Otto's ship chartering fleet and refocus the shipyard on repairs, conversion and fabrication projects.

Norwegian designed and DNV classed, Go Phoenix is a highly complex VS 491 24,000 bhp Anchor Handling Tug Supply vessel with a hybrid propulsion diesel electric drive. It is DP 2 and FiFi 2 capable, delivering up to 260 t of bollard pull.

Otto Marine's first 24,000 bhp vessel is deployed in the Asia Pacific region and recently completed the rigmove of one of the largest rigs in the region for an oil major.