Thursday, August 16, 2012

Otto Marine

Otto Marine: Has secured a time-charter contract for its maintenance and construction/accommodation support vessel, Seasafe Supporter for a firm 500 days with an option to extend for 2 mths. The contract is expected to generate abt US$10.0m for period of the charter. Co has made losses for past 4 quarters and currently trades at P/B of 0.7x

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