"During the fourth quarter Oceanteam Shipping ASA increased its backlog significantly. First it extended its successful charter for the Southern Ocean until the end of 2018 plus options. Second, after completion of an extensive investment program in 2013, the company was awarded land mark contracts both within Oil & Gas and Offshore Renewables for its equipment division RentOcean.
With recent award of multiple cable storage and handling contracts and the strong order book the Management sees that the company is well positioned to grow, show strong performance and profitability going forward in the different market."
About Oceanteam Shipping ASA
Oceanteam Shipping ASA (Oslo Stock Exchange: OTS) is an offshore shipping company. Its business is the owning, chartering and managing of Deepwater Offshore Construction Service - and Pipe Lay Vessels In addition Oceanteam Shipping provides complementary Engineering Services consisting of both Engineering & Design Services and Equipment to support its clients.
Source: Oceanteam Shipping ASA
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