It blames the loss on cost overrun on a vessel newbuilding under construction, but gave no further details.
The Singapore-listed company also blamed low utilization and delayed charter commencements for contributing to the losses.
The Singapore-listed company also blamed low utilization and delayed charter commencement for contributing to the losses.
“This profit warning is based on a preliminary review of the unaudited financial results of the group,” Otto Marine said.
“Further
