Nordcap Offshore Inc.
NOCA – Nordcap Offshore Inc.: Extension of charter contract for E.R. Aalesund
DGAP-News: Nordcap Offshore Inc. / Key word(s): Contract 16.06.2014 / 08:17 --------------------------------------------------------------------- 16 June 2014 - Nordcap Offshore Inc. is pleased to confirm that the charter contract for the vessel E.R. Aalesund (to be renamed Nordcap Sky) has been extended by six months until 7 January 2015, with three additional option periods for two months each. The terms and conditions for the charter contract, including the charter rate, remain unchanged. The relevant vessel is to be acquired by Nordcap Offshore Inc., together with the charter contract, subject to completion of the ongoing IPO and listing. About Nordcap Offshore Inc.: Nordcap Offshore Inc. is an owner and operator of modern Platform Supply Vessels ("PSVs") with a focus on the mid to large sized Platform Supply Vessels (PSVs) segment. The vessels will be operated in the core offshore markets of Africa, Brazil and the North Sea. PSVs are used for transporting supplies and equipment to and from offshore installations, such as drilling rigs, drilling platforms or drilling vessels. Nordcap Offshore will purchase, operate and sell PSVs through the market cycles. Through its management, the company has a long-standing background in the shipping industry in general, and the offshore market in particular. Nordcap Offshore intends to operate a profitable business with focus on cash flow and shareholder dividends. The company will have an opportunistic approach to consolidation and will be open to accretive growth opportunities to the benefit of all shareholders. For further information please contact: Nordcap Offshore Inc. Willem Dekker (CEO) Tel.: + 423-399-3060 Email: willem.dekker@nordcap-offshore.com IR/PR: Kirchhoff Consult AG Andreas Friedemann Tel.: +49-40-609186-50 Email: nordcap-offshore@kirchhoff.de Persons distributing this communication must satisfy themselves that it is lawful to do so. End of Corporate News --------------------------------------------------------------------- 16.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 273667 16.06.2014
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