Oceanteam Shipping ASA : OCEANTEAM SHIPPING ASA - ORDER OF NEW 2000T/4000T MODULAR CAROUSEL

  Oceanteam Shipping ASA : OCEANTEAM SHIPPING ASA - ORDER OF NEW 2000T/4000T
                               MODULAR CAROUSEL

Oceanteam Shipping ASA announced today that it has taken up one of its options
and ordered a new, OTS design, 2000t modular carousel system, which will be
delivered in April 2013.

The new patented OTS carousel series are designed for flexibility and quick
mobilisation on standard modern PSV/CSV type vessels with limited deck load
capacity for this type of equipment. The modular systems are delivered to the
mobilisation site in 40ft containers and can be mobilised without vessel under
deck reinforcement requirements. All system components are 'plug and play' and
interchangeable. The 2000t carousel is delivered in such a way that it can be
extended to a 4000t load capacity carousel in a short period of time.

As a result of this new philosophy the equipment can be transported and
mobilised to any port around the world in a cost effective manner using, for
example, standard container shipment routes and trucks.

''Based on our successful delivery of the1250t modular carousel in April 2012
and its well-executed projects since, we wanted to fulfil the demand on larger
size modular carousels and by doing that cover a full range of solutions, says
CEO of Oceanteam Shipping, Haico Halbesma''.

Oceanteam Shipping ASA owns and operates from its deep water base in Velsen,
The Netherlands a large pool of carousels, tensioners and burial equipment
which its supplies and rents to a broad client base around the world to
support offshore cable, pipeline and umbilical installations, transport and
storage projects.

About Oceanteam Shipping ASA
Oceanteam Shipping ASA (Oslo Stock Exchange: OTS) is an offshore shipping
company.

For more information: www.oceanteam.no

For further information about Oceanteam Shipping ASA please contact:
CEO Haico Halbesma:     +31 2053 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.

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Source: Oceanteam Shipping ASA via Thomson Reuters ONE
HUG#1673568
 
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