It attributes the potential loss to lower utilisation resulting from the docking of several offshore vessels for survey and the re-position and mobilisation of some other vessels.
In February Otto Marine reported a return to profit for the 2013 financial year as it booked net income of $15.9m versus a loss of $113.7m in fiscal 2012.
The company recently reported charter deals for two of its anchor handlers that will bring in revenues of over $50m during their lifetime.
Otto claims to be “well positioned geographically” in the major oil and gas markets with a focus on the deep water sector where it sees a growing demand for its services.
In contrast, it said global economic conditions as well as the general environment of the shipbuilding industry remain challenging.
