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Otto Marine Secures Contracts Worth US$131 Million
Daily Bulletin | 29 June 2015

Otto Marine has secured new orders worth US$131 million in the second quarter of FY15 to-date.

The substantial increase in new chartering contracts was attributable to the group’s strategy to improve the utilisation rate of its fleet, in view of the potential cost that idle vessels will incur.

Utilisation rate for the group’s chartering business has improved for 2Q15 against the last few quarters.

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