Otto Marine always trying hard to survive in the shipping market. Just too bad current macroeconomic is agaist them especially the shipping line condition. Otto Marine chose its base at Indonesia and expanding it business to Australia and others Asian Country except Singapore and China. It trys to avoid a messy fight at this two countries as they already dominated by big players like NOL, Keppel Group, Yanzijiang and Cosco.
It is nothing wrong to avoid a competitive fight with big players but you have to really careful when you try to explore foreign unknown market. Effective cost control plays a major part for this exploration games. Otto Marine was losing money on previous quarter due to poor currency management control. Hope they will learn the mistake and improve it. Hope Ottto Marine can survive and fly soon. A long rally for this counter will definately please us.
Recently it has a media release to annouce that it has business in India. It is a startup, hope Otto Marine can have better result in near future. For the news please click here ==>Media Release
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