NIBC Bank will provide the Oslo-listed owner with EUR 15m ($16.5m) to be used for investments in new rental equipment.

The facility will mature in three years.

Haico Halbesma, chief executive for Oceanteam, explains to TradeWinds that the systems to be purchased will be installed mainly on third party vessels but they could be used on Oceanteam’s ships as well.

He added: “This facility will help accelerate our growth in the offshore market.

“It