Oceanteam Net Profits Slip Slightly Q2 2013
high-value modular carousel system market in the second quarter financial results for 2013. In the engineering division the company reports that it continues to see satisfactory utilization. In the first half year Oceanteam also initiated a further investment program in up to 4.000-ton modular carousel systems, this following an order by LS Cable Korea. Highlights · Revenue from operations USD 15.2 million · EBITDA from operations USD 6.0 million · Operating profit of USD 2.6 million · Net finance negative USD 3.5 million · LS Cable Korea awarded contract
Oceanteam Offshore Vessels Fully Employed in Q1 2013
Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Highlights for the first quarter of 2013: · Revenue from operations USD 16.5 million · EBITDA from operations is positive USD 7.2 million · Operating profit of USD 3.8 million · Net finance costs USD 3.9 million · Net profit of USD 0.2 million Outlook: Oceanteam Shipping sees strong market activity in both the Offshore Oil and Gas as well as the Renewable Energy Market for certain regions and the management expects this trend to continue. Oceanteam Shipping
Caley Upgrades Saipem Reel Carousel
the refurbished Saipem reel carousel will be good for at least another 15 years active service." Caley reel carousels are widely used for handling a wide range of rigid and flexible pipe products including cables, umbilicals, dynamic risers and hoses. The company has experience delivering carousel systems ranging from the world's largest carousel with a capacity of 9,000 tons (OD 32 meters) through to a 400-ton, sea and road transportable, portable modular carousel. www.caley.co.uk
Strainstall Provides Advanced Tension Monitoring Solution
MAATS Tech Ltd is a specialist ship design organization with expertise in the provision of turnkey carousel systems and associated equipment that are installed in special purpose vessels used for laying flexible pipe, umbilicals and power cables. On such vessels, the cable or pipe is fed through a tensioner before being loaded to and from the carousel system as part of the laying process. Maintaining the correct tension in the pipe or cable is crucial to achieving its successful seabed deployment, as well as for the avoidance of equipment malfunction and associated downtime. Strainstall was able
February 2026
