CSV Southern Ocean secures new contract for works in India

CSV Southern Ocean has been awarded two charters on offshore projects off the East Coast of India. The scope is a partial continuation of the scope that was initiated previous year.
Works on the first short term contract have commenced this month whereas the second, longer term contract is expected to commence in December 2019 and works are expected to be completed in the first quarter of 2020 with optional extension to take the contract well into 2020.

Ex spleis og nytt pålydende / Ex reverse split and new face value 27.11.2019

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

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.

Solutions extends storage contract of 100+ kilometres subsea cable for one of its premier clients

The extension follows a successful two and a half years of storage of client’s subsea cables in Oceanteam Solutions' 5300Te carousel at its cable storage facility in Velsen, the Netherlands. With this extension the contract will run well into 2020 with possible further extension options. 

Bergen Court Rules Stop of Oceanteam’s Public Investigation

Minutes of Meeting of EGM 10 September 2019

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

The current charter agreement of Bourbon Oceanteam 101 (CSV BO 101) has been extended until mid-November 2019 with possible further extension options until mid Q1 2020.

Oceanteam ASA - Summons to EGM 10 September 2019

Solutions extends subsea cable storage contract with one of Europe’s biggest cable manufacturers

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.

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