GC Rieber Shipping ASA has secured a time charter agreement with Technip Angola for the SURF vessel Polar Onyx. The vessel will conduct SURF and construction duties in Angola.

The charter commences prompt and lasts for up to two months. The Charter is in direct continuation from the previous charter in UK sector confirming Polar Onyx attractiveness as an independent SURF vessel in the market.

"This is an interesting contract for us where the operational capabilities of the vessel and her equipment get fully utilized. Technip's strong presence in West Africa makes the contract strategically important to us, and we look forward to cooperating with them also in this region", says CEO Irene Waage Basili.

For further information, please contact:
CEO Irene Waage Basili, tel.: +47 55 60 68 67, or +47 900 98 688
CFO Einar Ytredal, tel.: +47 55 60 68 54, or +47 975 20 184

About GC Rieber Shipping:
GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality 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 13 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments, of which the company owns 11.

The company has its headquarter and a ship management office in Bergen, and an additional ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH.

Further information is available on the company's website www.gcrieber-shipping.com.