Oceanteam faced challenging market circumstances during the first half of 2020.
The EBITDA from Shipping segment was below the first half of 2019 resulting from decreased utilisation of BO101.
The Solutions segment showed significant growth which partially compensated the Shipping results.
About Oceanteam ASA
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages two deep-water offshore construction support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore cable services.
Oceanteam ASA has been active in the industry as an offshore solutions provider for over fourteen years.
For further information about Oceanteam ASA please visit www.oceanteam.no or contact:
Henk van den IJssel, CEO
Telephone +31 20 535 75 70
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.