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Otto Marine Ltd
9 Temasek Boulevard
#33-01 Suntec Tower Two
Phone: +65 68632366p:+65 68632366 038989  Singapore Ticker: BERBER
Filed for Bankruptcy on 2/20/2018
On 9/26/2016, the Company's subsidiaries, Go Inshore Pty Ltd and Go Marine Group Pty Ltd, had winding up petitions filed against them in the Supreme Court of Western Australia.
On 10/20/2017, the Company's subsidiary, Go Marine Group Pty Ltd., was placed into Voluntary Administration.
On 2/20/2018, Otto Marine Ltd. filed a Petition for Judicial Management with the Singapore High Court seeking protection from the Company's Creditors.
On 3/21/2018, the High Court approved the Company's application for Judicial Management. Mr Chee Yoh Chuang and Mr Lin Yueh Hung of RSM Corporate Advisory were appointed as the Judicial Managers.
This company is no longer actively traded on any major stock exchange.
Business Summary
Otto Marine Limited is a shipping focused offshore marine company. The principal activities of the Company consist of construction, fabrication, repair and conversion, chartering and provision of subsea services. Its segments include Shipyard, Shipping and chartering, Ship leasing and Subsea. The Shipyard segment is engaged in the construction of small, medium and large offshore, and other support vessels. It is also engaged in servicing and conversion of a range of vessels. It includes approximately 30 vessels operating directly, over eight vessels chartered in/manned and approximately five operational vessels. The Shipping and chartering segment is engaged in chartering of offshore and inshore support vessels, including anchor handling tug supply (AHTS), multi-purpose support vessels (MPSV) and offshore construction vessel. It also includes repair and conversion, and fabrication of a range of vessels. The Subsea segment is engaged in chartering of vessel for use in subsea.
(Source: ARS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/201612/31/2015Yes----

Industries
SIC Code Description
4412 Deep sea foreign transportation of freight
3731 Ship building and repairing
8713 Surveying services
7359 Equipment rental and leasing, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board Chee SiewYaw 48 8/6/2013 1/1/2001
Group Chief Executive Officer, Group Executive Director Kian HengSee 52 4/2/2015 1/1/2007
Chief Financial Officer, Joint Company Secretary Sieh JiuanChong 42 1/1/2015 3/17/2014
9 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Go Offshore Pty Ltd. 6 Shenton Way Singapore Singapore
Go Marine Group Pty Ltd. South Shore Centre Suite 1, Level 4 South Perth, WA Australia
Go Offshore Pty Ltd. South Shore Centre Suite 1, Level 4 South Perth Western Australia Australia

Business Names
Business Name
BER
Go Marine Group Pty Ltd.
Go Marine Ship Management (S) Pte. Ltd.
9 additional Business Names available in full report.

General Information
Number of Employees: 965 (As of 5/31/2008)
Outstanding Shares: 212,568,322 (As of 7/20/2016)
Shareholders: 6,353
Stock Exchange: SIN
Fax Number: +65 62386848


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Saturday, July 22, 2023