CSV Southern Ocean has been awarded a charter contract for work offshore Australia.

 
 

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.

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.

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.

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.

On 15 February 2018, in light of the current state of the market, DOT Shipping (a joint venture between Diavaz and Oceanteam) and Pacific Radiance Ltd have mutually agreed to terminate agreements, which were entered into on 9 October 2014, for purchase and bareboat chartering of the vessel Tampamachoco 1 (T1) without further liability to Diavaz-Oceanteam. 

Oceanteam owns, charters and manages high quality deepwater offshore support vessels and fast support vessels. This time in the spotlights: our CSV Southern Ocean, a high-end large deepwater offshore Construction Service Vessel (CSV) that is part of the North Ocean fleet.
 

Over the years, Oceanteam has developed from a company that merely owns and charters vessels, into a multi-solutions provider for offshore oil & gas platforms and offshore renewable projects, including cable laying, transport and solutions, equipment rental and engineering. Nevertheless, our vessels remain the seaworthy foundation of our business.
 

Today, Oceanteam and its joint venture partner McDermott closed the sale of Oceanteam's remaining 25 percent stake in vessel-owning company North Ocean 105 AS.

 

As of April third, Oceanteam will move into a new office in Amsterdam. The new office is located at Westerdoksdijk, an A-location in the city centre, close to Amsterdam Central Train Station. At the same time, Oceanteam Solutions (OTS) will move into a larger building on their own base in Velsen-Noord. Both relocations will give Oceanteam room for future growth.

Oceanteam owns, charters and manages high quality deepwater offshore support vessels and fast support vessels. The North Ocean fleet consists of three vessels: two high-end large deepwater offshore Construction Service Vessels (CSVs) and one Lay Vessel. This time in the spotlights: our CSV Southern Ocean. 

Oceanteam‘s subsidiary Diavaz-Oceanteam Shipping (DOT) has come to an agreement with seller Pacific Radiance to postpone the delivery of the CSV Tampamachoco 1 (T1) for one year. Delivery is now scheduled for January 2018. The Oceanteam joint venture with Mexican-based Diavaz however holds an option to further delay the delivery for another year. Pacific Radiance will absorb the additional costs for the deferred delivery.

Oceanteam owns, charters and manages state-of-the-art deepwater offshore support vessels, including four Fast Support Vessels (FSV). Our FSVs are primarily intended for crew transfer, urgent resupply and the transport of response teams and equipment. All of our FSV’s are currently on long-term contracts. Our four FSV’s in a nutshell.

DOT, the joint venture between Oceanteam and DIAVAZ, officially launched its new website: www.dotnaviera.com. On the brand new website, DOT gives a complete overview of its fleet, including the new large Construction Support Vessel Tampamachoco I. 

As of June 1, 2016, Holger Reurslag joined Oceanteam Shipping as Company Captain. With a maritime career stretching over 25 years, the new Company Captain has extensive experience in the offshore construction, drilling and production sector. Before accepting this new challenge, Reurslag worked among others for Seadrill and for an international owner and operator of FPSOs around the world. 

Oceanteam has reached an out of court settlement over an IP infringement case related to the Oceanteam ASA - North Ocean vessel series, which was filed against Sawicon AS in 2011.

The keel has been laid for DOT Shipping's new large offshore construction support vessel that is under construction.

Building a large offshore construction support vessel for DOT Shipping is progressing as planned. The vessel, due for delivery at the end of 2016, is fully financed and has secured a long-term time charter in Mexico.

Both vessels are fully financed and have been operational in the fast-developing Mexican market since March 2015, under a seven-year time charter contract with three one-year options.