Otto Marine said the volatility in foreign exchange rates of Euro dollar against the US dollar, and US dollar against Singapore dollar has worked against the company's bottom-line.

The company added that its part-owned subsidiary Reflect Geophysical going through operational consolidation and re-organisation have resulted in lower utilisation of one of the seismic vessels and demobilising two chartered seismic vessels back to owners.

http://www.turkishmaritime.com.tr/