GC Rieber Shipping Enters into Charter for Subsea Vessel Polar King
Thursday 31 March 2016
GC Rieber Shipping ASA, through its subsidiary Polar Explorer AS, has entered into a time charter agreement with Nexans Skagerrak AS, a subsidiary of Nexans Norway AS, for the CSV Polar King for a fixed period of about 8.5 months. The charter will commence in January 2017 and contains options for up to 16 months additional work. The vessel will conduct survey, trenching and cable laying activities in Norway, the North Sea and the Mediterranean.
Nexans Norway AS, and its wholly owned subsidiary Nexans Skagerrak AS, is part of the Nexans group. Nexans Norway AS is a leading supplier of power, telecommunications, installations and heating cables in Norway, and is among the world's leading manufacturers of offshore control cables and high-voltage submarine cables.
"This is an interesting contract for us with a new customer in a non-oil related segment characterized by high activity and a strong project pipeline. Nexans is a solid international player with a strong presence in Norway, and we look forward to cooperating with them", says CEO Irene Waage Basili.