Singapore-listed Otto will pocket $9m to construct the 3,000-hpduo, it said in an exchange filing today.

Delivery from its PT Batamec shipyard is expected by the fourthquarter of next year.

The yard, on the Indonesian island of Batam close toSingapore, is focused on building vessels for the local cabotage market.

The deal comes hot on the heals of Otto selling a pair of offshore support vessels for $120m earlier this month.