OCEANTEAM SHIPPING ASA - CALL OPTION EXERCISED FOR CSV NORTH OCEAN 102 BY J. RAY MCDERMOTT

Oceanteam Shipping ASA announces that it has completed today the transfer of its
50% ownership stake in the to date jointly owned Pipelay Vessel to J. Ray
McDermott Norway.

The proceeds from the sale will go towards a USD 35 million amortization on
Oceanteam's bond loan debt due in April 2015 and other general corporate
purposes.

The transaction is part of the company's long term strategy to deleverage and to
strengthen its balance sheet further. The sale purchase conditions are to remain
confidential under the signed agreement. The transaction has been fully executed
on 18 December 2014.


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.



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