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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 […]

Milaha Wins Award for Contributions to Qatari Economy

Milaha Wins Award for Contributions to Qatari Economy

November 24, 2018 No Comments

Milaha, a Qatar-based shipping and logistics conglomerate, participated in the 2nd Business Continuity and Resilience Conference, which was held in Doha on the 20th of November under the patronage of H.E. Minister of Commerce and Industry Ali bin Ahmed al Kuwari and attended by business continuity, risk management and organizational resilience professionals from all sectors. […]

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 […]

Survey shows rising costs for shipping

Survey shows rising costs for shipping

October 29, 2018 No Comments

Operating costs for ships are set to increase by 2.7% this year and by a further 3.1% in 2019 a new survey by international accountant and shipping consultant Moore Stephens shows. Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking is the cost category likely to increase most significantly in both […]

NNPC Considering Setting up Bunkering Company

NNPC Considering Setting up Bunkering Company

August 30, 2018 No Comments

In a bid to consolidate its foothold on the shipping business in Nigeria and boost profitability, the Nigerian National Petroleum Corporation (NNPC), has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels. A statement by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, […]

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WISTA announce the formation of Diversity Committee

WISTA announce the formation of Diversity Committee

March 8, 2018 No Comments

The Women’s International Shipping and Trading Association (WISTA) is proud to announce the formation of its Diversity Committee. A member-driven project created as a next step after the #METOO campaign, the WISTA Diversity Committee will focus on providing practical solutions to increase opportunities for gender diversity in the maritime industry. The committee works as part […]

John S. Watson to Retire From Chevron

John S. Watson to Retire From Chevron

September 28, 2017 No Comments

Michael K. Wirth Named Chairman and CEO of Chevron Chevron Corporation (NYSE: CVX) announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board and executive vice president of Midstream and Development, succeeds John S. […]

Total Acquires Interest in OnTruck

Total Acquires Interest in OnTruck

June 22, 2017 No Comments

Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in OnTruck, a platform that optimizes road freight shipping.   Medium-haul road freight shipping (less than 150 kilometers) is a significant and growing market. However, it is extremely fragmented, with a low level of digitalization and 30% […]

Oceanteam ASA Release Q3 2016 report and presentation

Oceanteam ASA Release Q3 2016 report and presentation

November 10, 2016 No Comments

With a Q3 EBITDA of USD 3.6 million, the Oceanteam Shipping and Solutions divisions have proven their ability to perform in an operationally robust manner. Oceanteam succeeded in sustaining occupancy and revenues when building long term backlog for its shipping business unit under very challenging market conditions. Also, the dry dock and maintenance period and […]

Oceanteam ASA – Release Q1 2016 Report

May 19, 2016 No Comments

Strong EBITDA due to sustainable business operations, solid contribution from Shipping and Solutions segments with focus on increasing contract backlog and a significant revenue accrual for early redelivery fees of CSV Bourbon Oceanteam 101. Revenue from operations USD 14.8 million. Highlights for the quarter • EBITDA from operations USD 7.9 million. • Operating profit of […]

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