Rentocean to Supply Van Oord 300T Onshore Turntable
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, says it has been awarded a contract to supply Van Oord Offshore Wind Projects BV a 3000t demountable onshore turntable system and accompanying equipment for a long-term storage project. The turntable and additional equipment will be used for storage of cables at Eemshaven, The Netherlands for the Gemini Offshore Wind Farm. This will be one of the largest wind farms in the world in terms of size and production. It will be built in the Dutch part of the North Sea, 85 km north of the coast of Groningen. RentOcean's turntable
Oceaneering Exercise Charter Options on DP2 CSV
Oceanteam Shipping ASA says that Oceaneering International, Inc. has exercised both one year options on the CSV 'Bourbon Oceanteam 101' up to February 2017. The vessel will continue its field support services for work offshore Angola on blocks 18 and 31. Upon delivery in December 2007, this DP2 Construction Support Vessel has been operating as a field support vessel with BP Angola for the company's Greater Plutonium Field development (in Block 18). The first of the standard design North Ocean 100 series is jointly owned by Oceanteam Shipping and Bourbon Offshore Norway. The ship is 125 meters
Oceanteam Dips Toe in Mexican Offshore Market
Norway-based Offshore shipping company, Oceanteam Shipping ASA, highlights results in the first quarter of 2014 and draws attention to a Mexico J/V with PEMEX. Revenue from operations USD 15.1 million for the quarter. EBITDA from operations is positive USD 6.7 million for the quarter. Operating profit of USD 4.2 million. Net finance negative USD 3.7 million. CSV Southern Ocean is 100 percent consolidated from the first quarter due to change in control effective from 2014. This is related to implementing of IFRS 10 Consolidated Financial Statements and IFRS
RentOcean Gets Repeat Carousel System Order
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, says it has been awarded a contract to supply LS Cable - a leading supplier of a wide range of industrial specialty cables - a second 4000t modular carousel system and accompanying equipment for a long-term project. The carousel and additional equipment will be used for the transportation of 2 x 50km of power cables from the LS cable plant in Donghae, South Korea to the project port of Doha, Qatar, which will take place in 2014 and 2015. To ensure smooth transportation and loading Oceanteam will also supply operators. LS Cable
Oceanteam Financial Transformation Aids 2013 Business
Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA. Exerpts from his letter to shareholders follow: "In addition, new opportunities were identified and followed upon, which resulted in particular in a large back log for RentOcean and the establishment of DOT Shipping. This joint venture with Grupo Diavaz is to service the fast growing Mexican market. From early 2013 we have re-focused the company, improved both the balance sheet and our operations significa
Oceanteam Takes Stake in New Offshore Shipping Firm
Oceanteam Shipping ASA announce that it has founded together with Grupo Diavaz a new shipping company named 'DOT Shipping'. Oceanteam inform that DOT Shipping will focus on providing high-end vessel solutions for the Mexican market. Details of the transaction remain confidential and further details on DOT Shipping will be disclosed in due course. About Oceanteam Shipping Based in Norway, ASA Oceanteam Shipping ASA (Oslo Stock Exchange: OTS) is an offshore shipping company whose business is the owning, chartering and managing of Deepwater Offshore Construction Service and Pipe Lay Vessels.
Oceanteam J/V Gets E.ON Subsea Cable Storage Contract
Oceanteam Shipping ASA - Joint Venture Oceanwind based in the Netherlands, say they have been awarded a long term contract to supply E.ON Climate & Renewables with port facilities, offloading and storage of cables. The offloading of the first cables has already been successfully finalized at OceanWind's cable facilities in Velsen Noord, The Netherlands. The cables were transferred from the vessel into a 750T RentOcean carousel. During 2014 there are more cables expected to be stored. OceanWind says it is pleased and looks forward to cooperate with E.ON on this project. They consider that
Rentocean to Supply Offshore Brazil Project Cable Carousel
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply Ceona with a certified 2000t modular carousel system and a loading tower with built-in 15t tensioner for a one-year project plus option for one additional year. The carousel and the additional equipment will be used on Ceona's Polar Onyx vessel for the installation of flexibles, which will take place in 2014 and 2015 offshore Brazil. RentOcean will also supply technicians to ensure smooth operations. Rentocean explain that the new patented carousel series is designed for flexibility and quick
RentOcean Delivers Carousel for Middle East Subsea Cable Project
RentOcean, a subsidiary of Oceanteam Shipping ASA, says it has delivered a certified 4000t modular carousel system for the transportation of 2 x 50km of power cables from the LS cable plant in Donghae, South Korea to the project port of Doha, Qatar and for laying the cables. RentOcean will also supply tensioning equipment and a lay train. The project is due to take place in 2014 and 2015. The carousel will be transported to Ulsan mid-January 2014 for build up at LS Cable's key side. The manufacturers explain that the new patented carousel series are designed for flexibility and quick mobilisation
February 2024
