Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Monday, 31 July 2017

OCEANTEAM ASA - SOLUTIONS WINS CONTRACT FOR SUPPLYING VESSEL, EQUIPMENT AND SERVICES FOR CABLE TRANSPORT AND LOADOUTS

Oceanteam ASA    

Published: 10:31 CEST 31-07-2017 /GlobeNewswire /Source: Oceanteam ASA / : OTS /ISIN: NO0010317316

OCEANTEAM ASA - SOLUTIONS WINS CONTRACT FOR SUPPLYING VESSEL, EQUIPMENT AND SERVICES FOR CABLE TRANSPORT AND LOADOUTS

Following the letter of intent in May, Oceanteam Solutions has recently signed a contract with a European cable manufacturer regarding the supply of a transport vessel, turntable and auxiliary equipment for the transport of cables from South Europe to Scandinavia. The project is planned to be executed in summer 2017.

Besides supporting the cable transport and loadout with a transport vessel and a turntable, Oceanteam Solutions will assist the multiple cable loadouts in the appointed ports by supplying equipment and a professional cable handling crew. The turntable system and auxiliary equipment will be loaded on the vessel at Oceanteam's own quay facilities in Velsen Noord, the Netherlands, and subsequently will be shipped to South Europe. There, the cable will be spooled before heading to Scandinavia for the cable loadout.

Lex van Doorn, managing director at Oceanteam Solutions, welcomes the new partnership. "We are happy that cable manufacturers have faith in our company. Needless to say, they can rely on our extensive know-how and experience in the cable handling and transport industry and our excellent equipment plus staff. We are looking forward to bringing this project to a successful conclusion together."

Earlier this year, Oceanteam Solutions performed a cable loadout for another client. In this project, the company was responsible for the supply of all quayside equipment (turntables, tensioners, quadrants, cable highways and a custom built splicing tent) including a team of supervisors, equipment operators and spoolers.



About Oceanteam ASA

The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over twelve years.

For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:

CEO Haico Halbesma:

+31 20 53 57 570,

haico@oceanteam.no


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Oceanteam ASA, Postboks 463 Nesttun, Bergen 5853, Norge
If you would like to unsubscribe and stop receiving these e-mails click here.