Oceanteam Announces Bareboat Charter Extension for CSV Southern Ocean

Oceanteam Shipping ASA (OTS) confirms the extension of the bareboat charter with Fugro TS Marine Australia for the CSV Southern Ocean until the end of 2018.

The extension of the bareboat charter will further strenghten Oceanteam’s contract backlog and secure future earnings.

The original charter was set to expire at the end of 2015.

CSV Southern Ocean is a large construction support vessel jointly owned between Bourbon Offshore Norway AS and Oceanteam Shipping ASA.

The commercial terms between the parties remain confidential.

Press Release, November 21, 2013