Oslo: OSV operator Oceanteam Shipping’s subsidiary RentOcean has signed a EUR15m revolving term loan facility with NIBC Bank. The facility will mature in three years.
Proceeds of drawdowns under the facility will be used for investments in new rental equipment, the company said in a release.
“In line with our strategy of further enhancing the company’s marine asset and design engineering divisions into one unique single service solution, we are investing to optimize and expand our pool of marine assets. This new facility gives us the financial flexibility to execute our business plan” said Haico Halbesma, Oceanteam Shipping’s CEO.
The company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages OSVs and fast support vessels while Oceanteam Solutions’ focus is on offshore solutions.
