The Singapore-listed company attributed to potential loss to lower utilisation resulting from the docking of several offshore vessels for survey as required by class rules on a periodic basis over a five-year cycle and the re-position and mobilisation of some other vessels.
Otto Marine had registered a profit of $14.08m in 2013, reversing from a loss of $103.13m in 2012.
The offshore services firm is growing its chartered fleet and focusing on maximising utilisation rates in both the offshore support vessels and the subsea sectors.
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