Home » Investors » Risk management and internal control

Risk management and internal control


Oceanteam has sound internal control and systems for risk management that are appropriate to the extent and nature of the company’s activities. The internal control and systems include our corporate values and guidelines for ethical and corporate social responsibility. The board carries out an annual review of the company’s most important areas of exposure to risk and its internal control arrangements. To comply with section 3-3b of the Norwegian Accounting Act, the board provides an account in the annual report of the main features of the company’s internal control and risk management systems as they relate to the company’s financial reporting. 

Leadership Change in Oceanteam ASA, following resignation of current CEO Leidus Bosman Oceanteam ASA

Jan 27 2020 The Board of Directors of Oceanteam ASA ("Oceanteam" or "Company") today announced that it has appointed Henk van den IJssel as Chief Executive Officer (“CEO”) of Oceanteam with effect from 1 February 2020.

Oceanteam ASA’s Vessel Owning Companies create Cash Flexibility by Deferral of January’s Repayment

Jan 20 2020 Under the existing terms of the Facility Agreement (the “Facility Agreement”) for CSV Bourbon Oceanteam 101 and CSV Southern Ocean (the “Vessels”), Oceanteam and Bourbon, the joint owners of the Vessels (the “Owners”), are allowed to defer repayment instalments under the Facility Agreement at no additional costs or  covenants....

Oceanteam ASA reports half-year 2019 results

Aug 30 2019 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 for the first half...
Oceanteam Newsletter Contact Oceanteam Follow us on