29 April 2015

OCEANTEAM SHIPPING ASA - RENTOCEAN SECURED EUR 15 MILLION REVOLVING TERM LOAN FACILITY

Oceanteam Shipping is pleased to announce that the 100 percent owned subsidiary RentOcean has successfully signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. The facility matures in 3 years after the facility start date.

Proceeds of drawdowns under the facility will be used for investments in new rental equipment.

"In line with our strategy of further enhancing the Company's marine asset and design engineering divisions into one unique single service solution, we are investing to optimize and expand our pool of marine assets. This new facility gives us the financial flexibility to execute our business plan" says Haico Halbesma, Oceanteam Shipping's CEO.


About Oceanteam Shipping ASA

The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions focus is to provide its clients with complete offshore solutions.

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.