GC Rieber Shipping: Update on the Vessel Ernest Shackleton

Tuesday 26 March 2019

GC Rieber Shipping has negotiated agreements for early redelivery of the icebreaking research vessel, Ernest Shackleton, from British Antarctic Survey and sale of the vessel to an international buyer. The sale is conditional certain regulatory approvals. If concluded, GC Rieber Shipping expects a positive cash effect from the transactions of approximately NOK 140 million late second quarter 2019.