Oceanteam Shipping ASA announce third quarter 2013 report

Oceanteam Shipping ASA announce third quarter 2013 report

HIGHLIGHTS FOR THE QUARTER
Revenue from operations USD 15.6 million
• EBITDA from operations is positive USD 7.2 million
• Operating profit of USD 3.8 million
• Net finance negative USD 4.4 million
• Completion of dry docking for Bourbon Oceanteam 101
• New contracts awarded for the Equipment & storage division
• Equipment division renamed to RentOcean

“During the third quarter Oceanteam Shipping ASA saw the full utilization of all vessels and in the engineering division the company increased its marketing and investment activity. The investment programme for the supply of modular carousel systems, towers and tensioning systems is proceeding as planned. Management anticipates strong markets in all segments and will continue to focus on performance and profitability going forward.”

Please find attached the complete Q3 2013 report OCEANTEAM SHIPPING ASA

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