Oceanteam dissolves contracting business

Oceanteam is discontinuing its contracting business in order to reduce operational and financial risk.

Offshore staff

ABERDEEN, UK -- Oceanteam is discontinuing its contracting business in order to reduce operational and financial risk. The change of business focus will result in reduced utilization of some of the company's vessels, barges, as well as related equipment and personnel, the company says. Oceanteam also anticipates delayed delivery of the CSV North Ocean 103, which is currently under construction.

04/23/2009

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