Barakah to the rescue of beleaguered Malaysian owned Otto Marine?

Meanwhile, Yaw Chee Siew(inset pic) is best known in local circles as the executive chairman of Perdana Parkcity Sdn Bhd

PETALING JAYA: The fate of financially-distressed Singapore shipping company Otto Marine Ltd, which is owned by Malaysian tycoon Datuk Seri Yaw Chee Siew, is in the hands of Barakah Offshore Petroleum Bhd.

Sources said Otto Marine was banking on getting contracts from Barakah to resuscitate its business which is on the verge of collapse.