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Otto Marine warns of full-year loss

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Published Tue, Feb 10, 2015 · 01:00 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

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