Oceanteam,
which
was
one
of
just
three
companies
installing
power
cables
to
link
Europe’s
offshore
wind
farms
to
onshore
electrical
grids,
will
now
retreat
to
the
“lower-risk”
activity
of
merely
chartering
out
its
fleet
of
support
vessels.
The
Norwegian
company
will
liquidate
its
two
Aberdeen-based
divisions
—
Oceanteam
Power
&
Umbilical
and
Oceanteam
Subsea
Services
—
as
part
of
its
restructuring
strategy.
The
move
is
likely
to
leave
a
number
of
UK
offshore-support
firms
with
unpaid
bills,
industry
sources
say.
“The
liquidity
in
Oceanteam
has
become
very
tight,
and
no
longer
allows
for…
