Asia

Otto Marine braces for loss

 

Singapore: Offshore builder Otto Marine will release its 2012 financial results in 10 days time, but has already given advanced warning that it is likely to report a loss. 

In the first three quarters Otto Marine racked up a combined loss of $38.13m. Its shipyard in Batam is not busy, nor is its owned seismic vessel.  [12/02/13]

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