Otto Marine’s wholly-owned Go Offshore has entered into an agreement with an unnamed port operator to be its preferred offshore and marine service provider.

The agreement is a second deal with the port operator after an earlier announcement of a partnership toexplore the development of a fabrication and marine facility in Batam, Indonesia.

Under the latest agreement, according to Otto Marine’s announcement, if the port operator requires marine or offshore vessel services for their projects, it will issue a request for quote to Go Offshore as preferred service provider.

“As oil prices continue touching new lows and recovery for the offshore and marine industry remains remote, we are exploring all feasible opportunities to optimise revenue stream,” said Michael See, group ceo of Otto Marine.

“Further to our announcement earlier on the partnership with a renowned port operator to explore the potential development of a fabrication and marine facility, we are pleased to see that Go Offshore becomes this partner’s preferred offshore and marine service provider,” See added.

He further pointed out that the partnership will offer “significant business opportunities for Go Offshore, and enhance the utilisation rate of our fleets and capabilities.”