Pressreleases
Dec 20 2018
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.
Dec 03 2018
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.
Sep 26 2018
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.
Sep 11 2018
Oceanteam Solutions 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 23 2018
Amsterdam (the Netherlands)/ Bergen (Norway), 23 August 2018
Oceanteam ASA ("Oceanteam" or "Company") today announced that its Board of Directors has appointed Leidus Bosman as Chief Executive Officer (“CEO”) with effect from 15 October 2018.
Oceanteam ASA ("Oceanteam" or "Company") today announced that its Board of Directors has appointed Leidus Bosman as Chief Executive Officer (“CEO”) with effect from 15 October 2018.
May 16 2018
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.
May 02 2018
The contract for CSV Southern Ocean entered into in February 2018 has been further extended with one month firm. The client is granted additional extension options after expiry of the firm period. The Construction Support Vessel will continue to be assigned to multiple smaller projects within the APAC region.
Apr 26 2018
Oceanteam Completes Debt to Equity Conversion and Renegotiates the Bond Loan Agreement with ISIN: NO 001 066201.8 referred to as FRN Oceanteam ASA Senior Callable Bond Issue 2012/2017 (the "Bond Agreement" or the "Bond Loan").
Apr 13 2018
Amsterdam (the Netherlands)/ Bergen (Norway), 13 April 2018
Oceanteam ASA ("Oceanteam" or "Company") is pleased to announce that the Company has reached an agreement with the Halbesma Family and the companies affiliated with them and has secured their support for the proposed comprehensive re-financing plan, which will be voted upon as part of the agenda on the extraordinary general meeting of shareholders to be held today, 13 April 2018, Friday (“EGM”).
Oceanteam ASA ("Oceanteam" or "Company") is pleased to announce that the Company has reached an agreement with the Halbesma Family and the companies affiliated with them and has secured their support for the proposed comprehensive re-financing plan, which will be voted upon as part of the agenda on the extraordinary general meeting of shareholders to be held today, 13 April 2018, Friday (“EGM”).
Apr 12 2018
Amsterdam (the Netherlands)/ Bergen (Norway), 12 April 2018.
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 notice relating to the extension of the deadline for registration to attend the EGM of 11 April 2018.
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 notice relating to the extension of the deadline for registration to attend the EGM of 11 April 2018.
Apr 11 2018
Amsterdam (the Netherlands)/ Bergen (Norway), 11 April 2018. 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
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 28 2018
Oceanteam ASA ("OTS", or "Company") announces today that the Board of Directors has appointed Meindert van Genderen as Interim CEO of the Company.
Mar 23 2018
Mrs Int Pos has offered her resignation forthwith as Board Member of Oceanteam ASA Member effective immediately.
Mar 22 2018
In order to mitigate against further repercussion against the Company and to diffuse the misinformation that is circulating currently, Chairman of the Board Mr. Hessel Halbesma offered his resignation forthwith as Chairman of the Board of Oceanteam effective immediately.
Mar 20 2018
With reference to the recent press releases of Oceanteam ASA ("Oceanteam" or the "Company") as referred to below, the Oceanteam Board presents an update on various going concern issues and the envisaged actions;
Mar 15 2018
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.
Mar 10 2018
Reference is made to Oceanteam ASA's (OSE trading symbol: "OTS") press releases of 9 February and 14 February regarding the plan to solve the Company's auditor issue and notice of an extraordinary general meeting to approve a cross-border merger between Oceanteam ASA and its Dutch subsidiary Oceanteam II B.V.
Feb 24 2018
Main financial indicators 2017:
Operating Income USD 31.8 million
EBITDA: USD 9.1 million
Operating Loss: USD 1.5 million
Net finance (positive): USD 14.4 million
Net profit: USD 11.7 million
Non-recurring item Additional adjustments (compared to Q4 2016 report):
> assets revaluation and write off's (negative): USD 4.4 million
Operating Income USD 31.8 million
EBITDA: USD 9.1 million
Operating Loss: USD 1.5 million
Net finance (positive): USD 14.4 million
Net profit: USD 11.7 million
Non-recurring item Additional adjustments (compared to Q4 2016 report):
> assets revaluation and write off's (negative): USD 4.4 million
Feb 22 2018
Reference is made to Oceanteam ASA's ("OTS", "Oceanteam" or the "Company") press release of 5 September 2017 regarding Bergen District Court's receipt of a petition for a public investigation ("Investigation") in the Company and Oceanteam's announcement of 9 February 2018 that the Company has received a ruling from the court dated 8 February 2018, which concludes that an Investigation of certain related party transactions will be initiated.
Feb 20 2018
Oceanteam ASA ("OTS" or "Company") has received a notice from the Register of Business Enterprises ("Register") that the period granted to the Company to appoint and register a new auditor has been extended to 15 April 2018. If the Company fails to remedy this matter by the aforementioned deadline the Register will notify the District Court thereof which may result in a compulsory liquidation of the Company.
Feb 15 2018
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.
Feb 09 2018
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.
Feb 09 2018
Reference is made to Oceanteam ASA's (OSE trading symbol: "OTS"; hereinafter "Oceanteam" or the "Company") press release of 5 September 2017 regarding the municipal court of Bergen's receipt of a petition for a public investigation ("Investigation") in the Company.
Feb 09 2018
Following a dispute with KPMG Bergen on commercial matters, Oeanteam ASA (OSE trading symbol: "OTS"; hereinafter "Oceanteam" or the "Company") has suspended the services of its auditor KPMG Bergen followed by a disputed withdrawal of KPMG Bergen as auditor of the Company. Shortly after the Company released the announcement that it received a notice (the "Notice") from the Norwegian Register of Business Enterprises that the Company was requested to appoint and register a new auditor within four weeks as from 20 January 2018.
Jan 30 2018
Oceanteam ASA ("OTS" or "Company") has received a notice from the Register of Business Enterprises ("Register") that the Company has four weeks from 20 January 2018 to appoint and register a new auditor. If the Company fails to remedy this matter by this deadline the Register will notify the District Court thereof.
Jan 15 2018
With reference to the press release issued on 3 January 2018 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 the required conditions precedent have now been fulfilled.
Jan 03 2018
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.