Wednesday, November 21, 2018

GC Rieber Bags 4-month Charter for Polar Queen

November 5, 2018

Polar Queen. Image: GC Rieber Shipping

Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV  Polar Queen for a fixed period of four months with options to extend by up to one month.

A press note from the offshore shipping firm said that the project is the same as Polar Queen was engaged on during the summer of 2018. The vessel will be used in British sector to perform accommodation services and walk-to-work duties, and commencement will be in May 2019.

The charter further strengthens GC Rieber Shipping's backlog, securing full contract coverage for the summer of 2019. Both Polar King and Polar Onyx are on long term charters, and with the recent charter announcements for Polar Queen, the vessel will be employed almost continuously from now until September 2019.

"Polar Queen continues her success in the walk-to-work market, and we are pleased to see that the vessel, crew and our organizational capabilities are recognized in the market", says Einar Ytredal, CEO (act.) in GC Rieber Shipping.

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, marine ship management and project development within the segments subsea, ice/support and marine seismic. The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates and has direct and indirect ownership in 11 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments. The company has its headquarter and a ship management office in Bergen, and an additional ship management company in Yuzhno-Sakhalinsk (Russia).

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