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Otto Marine warns of full-year loss

Tuesday, February 10, 2015 - 21:00
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OTTO Marine on Tuesday warned that the group is expected to report a loss for the financial year ended Dec 31, 2014 largely due to a cost overrun for the construction of a vessel; as well as low utilisation and delayed charter commencement for vessels in the offshore chartering segment.

OTTO Marine on Tuesday warned that the group is expected to report a loss for the financial year ended Dec 31, 2014 largely due to a cost overrun for the construction of a vessel; as well as low utilisation and delayed charter commencement for vessels in the offshore chartering segment.