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Dot Shipping News

28 Aug 2014

Oceanteam Focuses on Mexico Strategy

The company says it saw, with its early focus on Mexico, a long term strategy confirmed: its newly founded DOT Shipping partnership with Grupo Diavaz and the subsequent approval of the Mexican Energy Reform legislation is envisaged to create significant opportunities for the company. These important events triggered plans prepared by the company and have so far resulted in the order, finance and time chartering of two new build FSV's. DOT Shipping will focus on providing high-end vessel solutions and marine asset services in Mexico. RentOcean, the company's marine asset services division continues to experience strong growth and level of services it provides.

26 May 2014

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 11 Joint Arrangements. Oceanteam takes 40 % stake in new offshore shipping company. DOT Shipping is a joint venture founded together with Grupo Diavaz focusing on the Mexican market.

25 Apr 2014

Oceanteam Financial Transformation Aids 2013 Business

Image courtesy of Oceanteam

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. "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…

27 Mar 2014

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. In addition it provides complementary engineering services consisting of both engineering & design services and equipment to support its clients. http://www.oceanteam.nl/index.php/home