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Cecon ASA Transfers Cecon Shipping 1 AS, Cecon Shipping 2 AS and Cecon Shipping 3 AS to Newly Established Rever Offshore AS


Monday, 8 Apr 2013 02:03am EDT 

Cecon ASA announced that following the completion of the York Financing, the ownership of Cecon vessels under construction in Canada has been organized under a newly established subsidiary named Rever Offshore AS (Rever). A fund managed by York owns 15% of the shares in Rever while Cecon owns the remaining 85%. This reorganization involved transfer of the three ship-owning companies Cecon Shipping 1 AS, Cecon Shipping 2 AS and Cecon Shipping 3 AS to Rever. Mr. Petter Hatlem has been appointed Chief Executive Officer in Rever. 

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