Oceanteam Solutions secures new contract for supplying cable lay spread

Oceanteam Solutions is pleased to announce that it has been awarded a contract for supplying a client with a cable lay spread from May until mid-October 2019, with extension options. The scope includes the hire of one of Oceanteam’s 2000t and 4000t turntables, two 10t tensioners and technicians for operations and maintenance activities.

CSV Southern Ocean reaches agreement on charter extension with McDermott

As a result of the cyclone hitting the Indian coast early May, expected scope of work undertaken by the CSV Southern Ocean (“Vessel”) could not be finalized during the charter period. Both charterer (McDermott) and the Vessel owner, in concertation with next Charterer (Fugro), have agreed on an extension of the current charter to allow McDermott to complete its scope of work. All parties involved regret the situation that has arisen, which is beyond any parties’ control.

Oceanteam ASA reports full year 2018 results

Oceanteam is pleased to present its 2018 annual financial report. 2018 was a good year for Oceanteam, further described in the attached report.

Oceanteam sells minority position to its Mexican joint venture partner Diavaz

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.

Oceanteam Solutions secured multiple contract extensions for its cable lay spread and cable storage

Oceanteam is pleased to announce a contract extension for two of its turntables well into 2019 with potential to extend beyond this firm period. With this contract Oceanteam Solutions’ 2000t and 4000t turntable will enter its third year of hire and reflects the cooperative partnership the two companies have had over the past years. The company additionally succeeded to extend one of its cable storage and handling contracts. These multiple extensions confirm Oceanteam’s excellent and pragmatic approach going forward in this expanding and promising cable market.

A vote of confidence in Oceanteam paves way for the future

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.

Summons to Extraordinary General Meeting 30 November 2018

Notice from written Bondholders’ resolution

Withdrawal of notice of a written bondholders’ resolution

Bondholders offered to take a long term investment view on Oceanteam

Responsibility statement added to 1st half-year 2018

Financial calendar

Oceanteam ASA reports first half-year 2018 results

Rectification of Minutes of Meeting of AGM of Shareholders of Oceanteam (REG. No. 988 788 945)

Oceanteam ASA reports Annual Accounts 2017

Financial calendar

Oceanteam ASA invites for the Annual General Meeting 12 July 2018

Leadership Changes at Oceanteam ASA

Oceanteam ASA ("Oceanteam" or "Company") herewith announces that Board Member Diederik Legger resigns with immediate effect to assume the position of interim CEO of the Company.
 

Increase of Share Capital by Conversion of Debt