Friday, March 25, 2011

Otto Marine upgraded to 'neutral' by CIMB

Stock Name: Otto Marine
Company Name: OTTO MARINE LIMITED
Research House: CIMB

CIMB in a Mar 24 research report says: "GC Rieber, the initial customer for hull no. 7040 (3,200 dwt PSV), has agreed to novate its shipbuilding contract (third party replacing the original party as party to the contract) in favour of Aries AP.

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