OCEANTEAM SHIPPING ASA - STRATEGIC CONTRACT AWARDED WITH BOHLEN & DOYEN

RentOcean, part of Oceanteam Shipping ASA's solutions division, has been awarded
a contract with Bohlen & Doyen GmbH for supplying a lay spread for a cable
laying project in Germany. The lay spread includes a 4000T demountable turntable
and loading tower with built-in tensioner. The contract has a duration of 1
year, plus options.

In addition to the lay spread contract the company has also entered into a
framework agreement with Bohlen & Doyen GmbH for future equipment, transport and
storage deliveries, making RentOcean their main partner and supplier of offshore
cable laying and onshore storage solutions.
Bohlen & Doyen GmbH is part of the SAG Group, one of the leading service and
system suppliers for electrical power, gas, water, and communication networks.



"RentOcean has a long standing relationship and has collaborated successfully
with B&D several times in the past and we are very pleased to be chosen as their
main partner on cable laying equipment including related engineering and onshore
storage", says Lex van Doorn, Managing Director of RentOcean.




About the SAG Group
The SAG Group is the leading partner in the energy infrastructure of utilities
and industrial companies. SAG provides vendor-independent services and systems
for energy generation and transmission and distribution in electricity, gas,
telecommunications and water networks. Approximately 8,000 employees generate a
turnover of over 1.2 billion euros.

For more information: www.sag.eu / www.bohlen-doyen.com



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 20 535 7570           haico@oceanteam.no
CFO Torbjørn Skulstad            +47 55 108 240
torbjorn@oceanteam.no


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