Otto Marine

Otto Marine - Latest news on the counter was last week, where it announced it has secured a charter contract worth US$11.3m. This comes days after the group clinched a US$40m long term contract for its newly completed 24,000 bhp AHTS vessel, Go Pegasus for operations in the Noth Sea. The term contract, which commences from Sep ’14 also comes with options for extension. Technically, share price appears to have broken past its recent high of $0.083, with $0.088 seen as the next key resistance level.