GC Rieber Shipping has entered into an agreement to sell the IMR vessel Polar
King, built at Freire Shipyard in 2011. Due to the sale, an impairment of
approximately USD 5 million for Polar King is expected to be recognized as per
30.06.2020. Proceeds from the sale will be used to repay the vessel's
outstanding debt in full.
For further information, please contact:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Christoffer Knudsen, CCO, GC Rieber Shipping, phone: +47 926 18 226
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 & Renewables, 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 9 and has direct and indirect
ownership in 29 advanced special purpose vessels for defined markets within the
Subsea & Renewables, Ice/Support and Marine Seismic segments.
The company has its headquarter and a ship management office in Bergen, and an
additional 50% 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.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.