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Financial strategy


Financial strategy
Oceanteam has a disciplined financial strategy.

The company is exposed to financial risk in different areas. Financial risks include interest rate and currency fluctuations, investment and trading risks in general. The overall strategy to reduce currency risk is largely based on natural hedging. Natural hedging means having revenue and costs in the same currency on a project basis. In some cases, the company’s interest rates strategy includes the use of interest swap agreements for loans.

Oceanteam ASA reports half year 2020 results

Aug 27 2020 Oceanteam ASA reports half year 2020 results.    

Oceanteam ASA- Resignation of Board Member

Aug 10 2020 Further to the earlier announcement made at the Annual General Meeting of Oceanteam ASA (the “Company” or “Oceanteam”) on 7 May 2020 that board member Hendrik Johannes Jesse would not be available for a renewal of his board position, Mr. Jesse has informed the Company that he resigns from the board of directors ...

Oceanteam ASA’s Vessel Owning Companies agree with Financiers on Amendment of Facility Agreement

Aug 05 2020 Oceanteam and its joint venture partner Bourbon have agreed with the financiers of the jointly owned Vessels to defer the Q1, Q2 and Q3 instalments for 2020 under the Vessels’ Facility Agreement until its expiry in 2022 to allow for flexibility to perform planned capex activities on both Vessels this summer and to cater for the...
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