26 March 2014

OCEANTEAM TAKES 40% STAKE IN NEW OFFSHORE SHIPPING COMPANY

Oceanteam Shipping ASA announced today that it has founded together with Grupo Diavaz a new shipping company named 'DOT Shipping'.

DOT Shipping will focus on providing high-end vessel solutions for the Mexican market.

Details of the transaction remain confidential and further details on DOT Shipping will be disclosed in the coming period.



About Oceanteam Shipping ASA
Oceanteam Shipping ASA (Oslo Stock Exchange: OTS) is an offshore shipping company. Its business is the owning, chartering and managing of Deepwater Offshore Construction Service - and Pipe Lay Vessels. In addition Oceanteam Shipping provides complementary Engineering Services consisting of both Engineering & Design Services and Equipment to support its clients.

For more information: www.oceanteam.no

For further information about Oceanteam Shipping ASA please contact:
CEO Haico Halbesma:   +31 20 53 57 570, haico@oceanteam.no
CFO Torbjørn Skulstad: +47 55 10 82 40, torbjorn@oceanteam.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.