Aug 27 2020

Oceanteam ASA reports half year 2020 results

Oceanteam ASA reports half year 2020 results.
 

 

Aug 10 2020

Oceanteam ASA- Resignation of Board Member

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 (the “Board”) of the Company per 15 August 2020. The Board will as soon as practically possible call for an extraordinary general meeting of the Company for appointment of one additional director.
 
Oceanteam wishes to thank Mr. Jesse for his contribution to the Company over the last two years.

May 06 2020

CSV Bourbon Oceanteam 101 (“CSV BO101”) completes assignment in Angola

The charter agreement of CSV BO 101 has been completed and the vessel is preparing for a maintenance programme to gear up for its next contract.

Apr 08 2020

Oceanteam Solutions secures 2020/2021 contract for cable transportation solution

Oceanteam Solutions has entered into an agreement with a major cable manufacturer to provide cable transportation capability using a cable transportation and handling barge specially equipped for its tasks. The engagement will commence in April 2020 with completion in the first quarter of 2021 and optional extensions to take the contract well into 2021.

Jan 27 2020

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

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.

Nov 27 2019

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.

Nov 04 2019

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. 

Aug 30 2019

Oceanteam ASA reports half-year 2019 results

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 year of 2019. The Solutions division saw its business lagging in the first half of this year compared to 2018. Together, this led to the following results over the first half year of 2019:

Jul 12 2019

Oceanteam Solutions secures new contract for supplying carousels and crew for subsea cable transport

Oceanteam Solutions is pleased to announce that it has been awarded a contract for renting out two 2000t demountable carousels, technicians and engineering services to a client within the project logistics segment. The equipment and services will be used for subsea cable transport and loadouts that will take place from October this year until the beginning of next year.

Jun 27 2019

CSV Southern Ocean secures new charter contract with Fugro for works in Malaysia

CSV Southern Ocean will support Fugro for a Deepwater ROV subsea installation project off the coast of Sabah, Malaysia. Mobilisation of CSV Southern Ocean will start early July 2019 in Singapore and the works are expected to be completed sometime in the third quarter of 2019.

May 22 2019

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.

Apr 23 2019

CSV Southern Ocean secures new charter contract and returns to Australia

CSV Southern Ocean will support Fugro on their project off the coast of Australia. Mobilisation of CSV Southern Ocean will start mid May 2019, immediately following its current charter with McDermott.

Dec 20 2018

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.

Nov 08 2018

Bondholders have agreed to convert their remaining bonds into equity

The Board of Oceanteam ASA (the “Company”) is pleased to announce that the bondholders to the Oceanteam ASA Senior Callable Bond Issue 2012/2017 have agreed to convert their outstanding bonds with a total value of USD 5,175,523 into equity. By their willingness to convert their bonds into shares, the bondholders are aligned with shareholders in taking a positive long term view on the future of the Company. There will be no more bonds outstanding after conversion.

Sep 11 2018

Oceanteam Solutions wins contract for cable transport from Norway to the Netherlands

Oceanteam Solutions, in cooperation with Blue Offshore, has recently signed a contract with one of UK’s biggest energy companies for the supply of a barge equipped with a 5300t turntable and auxiliary equipment for the transport of cables from Norway to the Netherlands. The project is planned to be executed this month.

Aug 13 2018

Oceanteam Solutions – your One Stop Shop

Oceanteam Solutions facilitates the submarine cable industry by offering its clients a full and integrated range of equipment and services for offshore cable laying on- and offshore cable storage, cable handling, and cable transport.

May 14 2018

Cable Storage Solution – Barge equipped with 5300t turntable

Oceanteam Solutions in cooperation with Blue Offshore would like to introduce to you our cable storage solution. This solution has multiple advantages compared to typical onshore setups. 

Apr 26 2018

Solutions successfully completes mobilization of cable lay spread

Oceanteam Solutions has mobilized a 2000t turntable lay spread on the client’s cable lay barge which already had an Oceanteam Solutions’ 4000t turntable lay spread mounted on deck. The enlarged cable lay spread is now ready for client’s installation works which will take up to October this year, with optional extensions to the hire period. The mobilization is part of a larger contract for the supply of additional equipment and engineering services.

Apr 19 2018

Solutions getting ready for client’s fourth cable loadout

Following three successful cable loadouts, Oceanteam Solutions, in cooperation with Blue Offshore, are in preparation for another loadout starting this Friday. Oceanteam and Blue Offshore will line-up a professional cable handling crew that are going to assist the client during the loadout. The entire spread - a barge equipped with a turntable that can hold up to 5300 tonne of cable – has been fully mobilised and available for operations at our client’s quayside and by that has proven to be very valuable.

Apr 11 2018

Notice to shareholders : postponement of deadline for registration of attendance to the EGM

Reference is made to the notice of an extraordinary general meeting (“EGM”)of Oceanteam ASA ("Oceanteam" or "Company") to be held on 13 April 2018 concerning the proposal to refinance the Company and the letter to the shareholders and attached presentation (“Presentation”) of 10 April 2018.

Apr 09 2018

Cordia to take position in Oceanteam ASA to secure Company’s future

Amsterdam (the Netherlands)/ Bergen (Norway), 9 April 2018, Oceanteam ASA ("Oceanteam" or "Company") has reached a preliminary agreement with Keesjan Cordia today to take a substantial shareholding in Oceanteam and to strengthen the Board of Directors of the Company

Mar 23 2018

Board Member Int Pos resigns with immediate effect

Mrs Int Pos has offered her resignation forthwith as Board Member of Oceanteam ASA, effective immediately.

Mar 15 2018

Leadership change at Oceanteam ASA : CEO Halbesma resigns

Amsterdam (the Netherlands), 15 March 2018 - Oceanteam ASA ("OTS", or "Company") announces today that the CEO of the Company Haico Halbesma has decided to step down from his position effective 30 March 2018. The Board has respected his decision but also requested that he will remain available as an advisor to the Company and the Board. 

Feb 24 2018

Oceanteam reports solid FY 2017 results under difficult market conditions & financial restructuring

Feb 14 2018

Solutions successfully performed first cable loadout for client, more to follow

Oceanteam Solutions, in cooperation with Blue Offshore, has successfully executed the first cable loadout at client’s premises and more loadouts will follow later this year. The cable was transferred from client’s cable basket to Oceanteam's storage solution: a barge equipped with a turntable that can hold up to 5300 tonne of cable, a loading tower and smaller cable handling equipment.

Feb 09 2018

CSV Southern Ocean firms up new work

CSV Southern Ocean secures a new contract and will start operations by mid of February 2018 for a firm period of 30 days and options to extend with 60 days. The Construction Support Vessel has been assigned to multiple smaller projects within the APAC region.

Jan 03 2018

Royal IHC acquires KCI from Oceanteam

Oceanteam ASA (Oceanteam), the Dutch – Norwegian offshore service provider, listed at the Oslo stock exchange, and Royal IHC (IHC), a Dutch privately owned global supplier of innovative and efficient equipment, vessels and sustainable services for the offshore, dredging and wet mining markets announce that Oceanteam and IHC have executed a signing protocol under the terms of which IHC will acquire all of the outstanding share capital of Oceanteam’s Dutch based engineering and consultancy company KCI the Engineers B.V. subject to certain conditions precedent through an agreed Sale and Purchase Agreement. The transaction is not subject to regulatory approval. 

Nov 22 2017

​Vessel in the spotlights: CSV Southern Ocean

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.
 

Oct 02 2017

Oceanteam Solutions wins contract to supply a 5300T turntable on a barge utilised for cable storage

Oceanteam Solutions has recently signed a contract regarding the supply of a 5300T turntable, a loading tower and auxiliary equipment on a barge for the storage and multiple loadouts of subsea cables in the Netherlands. Furthermore, Oceanteam will accommodate a professional cable handling crew that will assist during the cable loadouts.

Sep 22 2017

KCI attends 2017 Euro Attractions Show (EAS)

Next week, Oceanteam’s subsidiary KCI will be present at the Euro Attractions Show (EAS) from 24-28 September in Berlin, Germany. EAS is a major exhibition event for leisure and attractions industry professionals, including operators, suppliers, manufacturers, investors and developers from the global amusement community. More than 11,000 industry professionals are expected to attend.

Aug 30 2017

Oceanteam ASA reports H1 2017 results

Main financial indicators H1 2017

- Operating Income USD 16.8 million                   
- EBITDA: USD 6.8 million
- Operating profit: USD 0.9 million
- Net finance (positive): USD 22.4 million
- Net profit: USD 23.3 million, including
- An IFRS IAS 39 fair value effect of new bond loan of USD 29.7 million

Aug 14 2017

Wind at sea becomes increasingly important in European energy transition

With increasing speed, European countries are focussing on the transition from fossil energy to renewable energy. Wind at sea seems to play a leading role in this transition. This applies in particular to the Netherlands: In the country’s territorial waters five new wind farms will raise that will belong to the largest in the world. The main reason that wind at sea has such good cards: less and less government subsidies are necessary to develop wind farms.
 

Aug 04 2017

Diederik Legger appointed as a member of the Board of Directors

As per 31 July 2017, Mr. D. (Diederik) Legger (1969) has been appointed as a member of the Board of Directors of Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider listed on the Oslo stock exchange.

Jul 27 2017

Oceanteam Solutions wins contract to engineer and supply 2000T turntable for cable installer

Oceanteam Solutions has been awarded a long-term contract to supply a company that performs the installation of marine power cables with a 2000T demountable turntable including engineering and personnel services.

Jul 10 2017

Non-executive Director Bote de Vries steps down only two months after joining Oceanteam Board

Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider announces that Mr. B. (Bote) de Vries (1958), who was appointed non-executive director during an EGM on 9 May 2017, has informed the Board of the Company and its bondholders to step down per 10 July 2017. This is only just two months after being on duty. Both have accepted his resignation. As from day one his particular responsibilities have required and will require more time than initially expected. Additionally, according to Mr. Bote de Vries, for now his role should be rather an executive role than a non-executive, since Oceanteam is still in the process of recruiting its new CFO.

Jun 23 2017

Oceanteam ASA reports FY 2016 results

Main financial indicators 2016

·       Operating income: USD 51.9 million
                     
·       EBITDA: USD 22.2 million   
                      
·       Operating loss:  USD  9.1 million

·       Net finance (negative): USD 11.9 million

·       Net profit (loss): USD 23.3 million

·       Additional adjustments (compared to Q4 2016 report):
        o       assets revaluation adjustment (negative): USD 17.8 million
        o       additional assets write off (negative): USD 1.0 million

Jun 01 2017

Bote de Vries appointed as non-executive director

​Mr. B. (Bote) de Vries (1958) has been appointed as Director of the Board of Oceanteam (“the Company”), the Norwegian-Dutch offshore service provider listed at the Oslo stock exchange. Mr. de Vries succeeds Mr. James Hill who stepped down and who has been a Director on Oceanteam’s Board since 2012.

May 26 2017

Solutions receives LOI for supply of vessel, equipment and services for cable transport

Oceanteam Solutions has received a letter of intent from a cable producer in Europe to award a contract for the supply of a vessel, turntable and auxiliary equipment for the transport of cables from South Europe to Scandinavia to be executed in summer 2017.

May 12 2017

2016 Dutch OFS Survey: opportunities and challenges

At this year’s Oil & Gas Industry Forecast event, EY presented the 2016 Results Dutch Oilfield Services (OFS) Analysis. In this industry analysis EY looks into the financial results of 2016 and discusses the dynamics of the industry going forward. Conclusion: the oil and gas market remains challenging and companies should seize the opportunities in the offshore wind industry.

May 02 2017

Oceanteam and bondholders sign new bondholders agreement as part of Company’s refinancing process

Today, a bondholders’ meeting took place where the amended and restated bond agreement (the “Bond Agreement”) between the bondholders and Oceanteam was agreed and executed.

Apr 20 2017

Oceanteam attends Breakbulk Europe 2017

April 25th and 26th Breakbulk Europe takes place in the Antwerp Expo in Belgium. Breakbulk is a networking event and conference for offshore shipping professionals, like cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers and equipment companies like Oceanteam Solutions (OTS). The exhibition counts over 7,600 participants and 400 exhibitors. OTS will attend the exhibition for the third time in a row.

Mar 30 2017

Extension scope KCI for Chinese Offshore Wind contract

Bejing based Huadian Heavy Industries has extended KCI's scope for the Offshore Wind contract that was awarded last December. Next to the design review, fabrication preparation, load out and installation engineering of an offshore substation, KCI, part of Oceanteam Solutions, will now also take care of the pile drivability analysis. 

Mar 23 2017

Europe’s renewable energy mainly comes from wind

Renewable energy accounted for 6.7% of worldwide electricity generation in 2015, aggregated at just over 24,000 terawatt-hours. More important: the proportion that comes from wind, geothermal, solar, biomass and waste is growing fast. Alone in 2015 it increased by 213 terawatt-hours, roughly equivalent to the total increase in global power generated. And in Europe it is wind turbines that dominate the scenery, The Economist's data team recently concluded. 

Mar 07 2017

China takes major steps in renewable power generation

China’s National Energy Administration (NEA) recently announced major investments in renewable power generation in the coming years, the Guardian reports. The NEA expects the installed renewable power capacity including wind, hydro, solar and nuclear power to contribute to about half of new electricity generation by 2020. This again is a clear sign that world’s largest energy market continues to shift away from coal power towards cleaner fuels.

Feb 28 2017

Oceanteam ASA reports revenues of US$ 11.2 million in fourth quarter 2016

Oslo/ Amsterdam – 28 February 2017. Oceanteam ASA has recorded US$ 11.2 million revenues from operations and an EBITDA of US$ 2.8 million in the fourth quarter of 2016. Although faced with a nett loss of US$ 3.1 million in the fourth quarter of 2016, the Dutch-Norwegian offshore service provider is fully on track for future growth, says CEO Haico Halbesma who reached an agreement on new terms with its bondholders after 2016 year ending. As a result, Oceanteam ASA, will have a significantly improved free cash flow and structural lower interest costs as from January 1st 2017, creating a healthy foundation for further growth.

Feb 15 2017

Invitation to Q4 2016 investor presentation

Oceanteam ASA cordially invites you to attend a corporate presentation of the company’s  Q4 2016 results

The presentation will be held in Oslo:
Tuesday, 28 February 2017, 08:00 CET
Hotel Continental
Stortingsgaten 24/26
N-0117 Oslo

To participate please RSVP to:
info@oceanteam.no

Feb 10 2017

KCI attends TKI WoZ Match Making day

On February 15, Oceanteam’s subsidiary KCI the Engineers will attend the yearly Match Making day, organised by Dutch knowledge and innovation consortium TKI Wind op Zee (WoZ). TKI WoZ is a Dutch organisation that facilitates collaboration between companies, knowledge institutions and the government in the field of wind energy. The organisation stimulates research, innovation and implementation in the wind energy industry. 

Jan 13 2017

McDermott to exercise its option to purchase PLV North Ocean 105

Oceanteam ASA ("Oceanteam" or "Company") announces that joint-venture partner McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017. Under McDermott’s main credit facility agreement, it has announced that it is required to do so. 

Dec 29 2016

Oceanteam’s 2016 in 60 seconds

2016 was a both exciting and turbulent year for Oceanteam. While the oil and gas market remained challenging, Oceanteam Solutions and KCI managed to win many new contracts in the offshore energy market, which led to amazing cabling handling and transport projects.  On top of that, KCI launched a separate Wheels department, with the Dubai Eye project as flagship project. Oceanteam’s 2016 highlights in a nutshell.

Dec 16 2016

Delivery of the CSV Tampamachoco 1 (T1) deferred for one year

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.