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Otto Marine warns of net loss for Q1

It blames lower vessel usage and reduced charter rates amid a challenging oil and gas market

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Offshore marine group Otto Marine on Sunday issued a profit guidance saying that it expects to report a net loss for its first quarter ended March 31, 2015.

Singapore

OFFSHORE marine group Otto Marine on Sunday issued a profit guidance saying that it expects to report a net loss for its first quarter ended March 31, 2015.

"The company believes that the expected losses in the consolidated losses attributable to owners... was primarily

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