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Oceanteam operates as an offshore shipping company. It operates through two segments, Oceanteam Shipping and Oceanteam Solutions. The Company owns, charters, and manages two deepwater offshore construction support vessels, as well as one pipe lay vessel and two fast support vessels on long term contracts with solid subsea construction companies. It also provides engineering services consisting of equipment for offshore cable laying, umbilical installations, on and offshore cable storage, and cable transportation; and designs and engineers platforms and infrastructures for the oil and gas and renewables industry. In addition, the Company rents tensioners, turnables, and reels.