Quarterly operating profit was $4.4m compared to last year’s $1.9m, while revenue rose by 55% to reach $17.7m.
In late March, Oceanteam founded a new partnership with Mexican oil company Grupo Diavaz, christened DOT.
As a result, two new fast support vessels (FSVs) have been ordered and pre-chartered for six years, with delivery dates set for early 2015.
In its quarterly report, Oceanteam said it had engaged a financial advisor to optimise its capital structure as it eyes future growth.
