Oceanteam provides high quality support to offshore contractors all over the world through its fleet of large and advanced offshore vessels (Oceanteam Shipping), and its expertise in (rental) marine equipment, cable logistics and design engineering (Oceanteam Solutions).
Oceanteam focuses on economically and technically challenging projects for clients in the oil and gas and renewables industries. In addition, we are among the few companies in the world to combine high-end engineering know-how, DNV GL certified shipping and expertise, DNV ISO certified solutions and special purpose equipment in a single ‘one-stop shop’ service, if required.
Whether you need a reliable offshore service provider or a local partner to ensure your assets and services continue to grow, Oceanteam is there for you.
Oceanteam has a disciplined financial strategy. We apply diverse sources of financing through many long-term bank relations and as much as possible avoid high-yield bonds. In general, we permanently take actions to improve our credit rating and reduce our costs of capital.
Jan 13 2017 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.
Jan 12 2017 Today, Oceanteam ASA ("Oceanteam" or "Company") announced it has reached an understanding with its bond holders on the main terms of the bond loan. As part of a financial restructuring announced in October 2016, the company entered into constructive talks with its banks and its bond holders.
Dec 29 2016 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...