Otto Marine has clinched three shipbuilding contracts worth a total of $32.3 million.
The contracts consist of one oil tanker and two ferries.
The order for the product oil tanker was placed by a local Indonesia-based firm, while the orders for the ferries were placed by an Indonesia state-owned enterprise.
Otto Marine says the vessels are scheduled to be delivered in 4Q2017 and they are expected to make positive contribution to the offshore marine group's performance for FY2016 and FY2017.
Shares of Otto Marine ended lower at 20.5 cents on Feb 18.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The contracts consist of one oil tanker and two ferries.
The order for the product oil tanker was placed by a local Indonesia-based firm, while the orders for the ferries were placed by an Indonesia state-owned enterprise.
Otto Marine says the vessels are scheduled to be delivered in 4Q2017 and they are expected to make positive contribution to the offshore marine group's performance for FY2016 and FY2017.
Shares of Otto Marine ended lower at 20.5 cents on Feb 18.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment