Otto Marine reported a deeper 2015 loss as its operational earnings slumped amid a bleak oil industry environment in which the company sees few prospects for near-term recovery.
The Singapore-listed offshore vessel and shipyard owner reported a $60.6m loss for the year, a 45.8% change from the $41.6m loss from 2014.
Otto suffered deep revenue declines across its shipyard, shipping and subsea services business lines.
And
