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CSV Bourbon Oceanteam 101 extends charter contract with client for works in Angola

CSV Bourbon Oceanteam 101 extends charter contract with client for works in Angola

November 18, 2019 No Comments

The current charter agreement of Bourbon Oceanteam 101 (CSV “BO 101”) has been extended until mid-first quarter 2020 with possible further extension options well into 2020. The initial charter started in 2016. Over the past period the CSV BO 101 has successfully assisted in installing jumpers and X-mas trees for its offshore client in Angola. […]

Oceanteam ASA reports half-year 2019 results

Oceanteam ASA reports half-year 2019 results

August 30, 2019 No Comments

The financial restructuring of the Group has been successfully completed. Both segments performed according to expectations and in combination with decreased financing costs after financial restructuring led to a return of profitability over the first half of 2019. Equity ratio improved further to 72 percent (H1 2018: 62 percent). Both vessels were under charter contract […]

Oceanteam Solutions extends subsea cable storage contract with cable manufacturers

Oceanteam Solutions extends subsea cable storage contract with cable manufacturers

July 2, 2019 No Comments

The 6-months extension plus two times 3 months options follows a successful two years of cable storage in Oceanteam’s 1100t carousel at its cable storage facility in Velsen, the Netherlands. This extension is part of a contract that also includes long-term storage of client’s subsea cables in Oceanteam’s 5300t carousel. In 2017, Oceanteam Solutions was […]

CSV Southern Ocean secures new charter contract with Fugro

CSV Southern Ocean secures new charter contract with Fugro

June 27, 2019 No Comments

CSV Southern Ocean will support Fugro for a Deepwater ROV subsea installation project off the coast of Sabah, Malaysia. Mobilisation of CSV Southern Ocean will start early July 2019 in Singapore and the works are expected to be completed sometime in the third quarter of 2019. Bourbon – Oceanteam’s CSV Southern Ocean has entered into […]

Oceanteam ASA reports full year 2018 results

Oceanteam ASA reports full year 2018 results

April 29, 2019 No Comments

Oceanteam is pleased to present its 2018 annual financial report. 2018 was a good year for Oceanteam, further described in the attached report. The financial restructuring of the Group has been successfully completed. Equity ratio improved materially to more than 70%. Both vessels were under charter contract for the full year, except for a short […]

CSV Southern Ocean secures new charter contract

CSV Southern Ocean secures new charter contract

April 23, 2019 No Comments

Oceanteam’s CSV Southern Ocean has entered into a contract with Fugro and will undertake a program of IRM work offshore in Australia. The Southern Ocean is currently conducting subsea work in India for J. Ray McDermott. Directly after completion of the current job in May, the vessel will mobilise for her next assignment. Mathieu Feisthauer, […]

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Oceanteam sells minority position to JV partner Diavaz

Oceanteam sells minority position to JV partner Diavaz

April 2, 2019 No Comments

Oceanteam ASA (the “Company” or “Oceanteam”) and its Mexican partner Diavaz have reached an agreement to terminate the joint venture structure set up by the two groups (the ”DOT Group”), established in 2014 in order to service the Mexican offshore market, in which Oceanteam held 40 percent. Oceanteam’s stake will be taken over by Diavaz. […]

vote of confidence in Oceanteam as it paves way for the future

vote of confidence in Oceanteam as it paves way for the future

December 3, 2018 No Comments

On Friday the 30th of November 2018, during an Extraordinary General Meeting in Bergen Norway, shareholders accepted the resolutions in which the Company is allowed to issue additional shares to convert its remaining bonds into shares and, secondly, authorizing the Board to issue new shares in order to support the growth ambitions of the Company. […]

CSV Southern Ocean secures new contract with McDermott for works in India

CSV Southern Ocean secures new contract with McDermott for works in India

October 30, 2018 No Comments

CSV Southern Ocean will support McDermott on their subsea installation project off the East Coast of India. Mobilisation of CSV Southern Ocean will start at the end of the year and the works are expected to be completed in the second quarter of 2019. Mathieu Feisthauer, Fleet Manager of Oceanteam, says: “We are very pleased […]

Southern Ocean secures new contract with McDermott for works in India

Southern Ocean secures new contract with McDermott for works in India

September 27, 2018 No Comments

CSV Southern Ocean will support McDermott on their subsea installation project off the East Coast of India. Mobilisation of CSV Southern Ocean will start at the end of the year and the works are expected to be completed in the second quarter of 2019. Mathieu Feisthauer, Fleet Manager of Oceanteam, says: “We are very pleased […]

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