Date: 6 March 2015

GC Rieber Shipping enters into 100 day charter for subsea vessel Polar King

GC Rieber Shipping has entered into a time charter agreement with DOF Subsea Norway AS for the CSV "Polar King" for a fixed period of 100 days. The charter will commence in April and contains options for up to 5 months additional work. "Polar King" has since its return from Technocean Subsea AS in February 2015 undergone upgrades at Noryards BMV.

For further information, please contact:
CEO Irene Waage Basili, tel.: +47 55 60 68 67, or +47 90 09 86 88
CFO Einar Ytredal, tel.: +47 55 60 68 54, or +47 97 52 01 84
About GC Rieber Shipping:
GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management, project development and industrial portfolio management within the segments subsea, ice/support and marine seismic. The group has a unique competence in offshore operations in harsh environments as well as design, development and maritime operation of seismic 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 10 are owned by the company. In addition, the company has one vessel under construction for delivery spring 2015.
The company is headquartered in Bergen with ship management companies in Sevenoaks (UK) and Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH. Further information is available on the company's website


This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)