Date: 18 November 2016

GC Rieber Shipping enters into charter with MPL for SURF vessel Polar Onyx

GC Rieber Shipping ASA has entered into a time charter agreement in West Africa with Marine Platforms Limited (MPL) for the SURF vessel Polar Onyx. The vessel will perform subsea construction/SURF installation and field development for end client Chevron.  

The charter commences promptly for a firm period of about 1 month, and contains options to extend with up to 5 weeks of additional work.

For further information:

Einar Ytredal, CEO (act.), GC Rieber Shipping, phone: +47 975 20 184

Øystein Kvåle, CFO (act.), GC Rieber Shipping, phone: +47 479 02 919

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 owns and operates 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). 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)