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.
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.
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. "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…
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.
