Otto Marine Shipyard has entered into a Memorandum Of Understanding (MoU) with “a world-renowned Port operator to explore the potential development of a fabrication and marine facility” in South East Asia. Otto said: “The proposed development is strategically located in close proximity to Singapore and to the South East Asia region oil and gas fields. Otto Shipyard currently operates a 65 hectare shipyard through its sister company PT Batamec.
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