OFFSHORE marine company Otto Marine has secured
orders worth US$131 million, mainly contributed by the group's
chartering business, in the second quarter of its financial year 2015
till date.
The substantial increase in new chartering contracts was attributable
to the group's strategy to improve the utilisation rate of the fleet,
in view of the potential cost that idle vessels will incur, the group
said in a statement on Monday morning. Utilisation rate for the group's chartering business has also improved for Q2FY15 against the last few quarters, it added.
No comments:
Post a Comment