18 September 2014


RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply Van Oord Offshore Wind Projects BV a 3000t demountable onshore turntable system and accompanying equipment for a long-term storage project.

The turntable and additional equipment will be used for storage of cables at Eemshaven, The Netherlands for the Gemini Offshore Wind Farm. This will be one of the largest wind farms in the world in terms of size and production. It will be built in the Dutch part of the North Sea, 85 km north of the coast of Groningen.

RentOcean's turntable series are designed for flexibility and quick mobilisation. The modular systems are delivered to the mobilisation site in 40 ft containers. All system components are "plug and play" and interchangeable. As a result of this new philosophy the equipment is sea and road transportable and can be mobilised to any port around the world in a highly cost effective manner.

"We are very pleased that, with this contract award, we can support our client on this major wind project and are looking forward to assisting Van Oord on future operations, says Managing Director of RentOcean, Lex van Doorn''.

About RentOcean
RentOcean designs, builds and owns a large pool of demountable turntables, tensioners and burial equipment. The company operates from its deep water base in Velsen, The Netherlands and supplies and rents to a broad client base around the world to support their offshore cable, pipeline and umbilical installations, transport and storage projects.

  For more information: www.rentocean.nl

  For further information about RentOcean please contact:

  MD Lex van Doorn:     +31 20 53 57 570,          lex@rentocean.nl      

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.