57OT Hsbc Bk. 25

RNS Number:8383T
Bergesen d.y. ASA
9 November 2000


BEA - Bergesen acquires ore carrier

Bergesen has entered into an agreement to buy the ore carrier "Chiribetsu" of
200.700 dwt, built in Japan in 1986. The vessel will be delivered mid December
2000.

The contract price is close to, but below USD 17 million.

The vessel has been chartered to a Chinese steelmill under a 7 year freight
contract from delivery, at fixed rate. The vessel will be used for transporting
iron ore from Australia to China.

General Ore International Corporation Limited will participate in the project
with a 35% share.


Contact person:  Svein Erik Amundsen, Managing Director,
                 Tel:  +47 22 12 05 13


Other information about Bergesen is available at:   www.bergesen.no.

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