GC Rieber Shipping ASA had a fleet utilisation of 100% in the third quarter of
2020. The Subsea & Renewables and Ice/Support vessels have contract coverage of
85% for the remainder of 2020.
Operating income was NOK 83.0 million, compared with NOK 74.2 million in the
corresponding period of 2019. EBITDA was NOK 3.6 million, compared with an
EBITDA of NOK 65.4 million in the third quarter of 2019 GC Rieber Shipping had a
net loss of NOK 27.5 million in the third quarter of 2020, compared with a net
profit of NOK 17.3 million in the third quarter of 2019.
"We are pleased to have seen high activity for GC Rieber Shipping's vessels in
the third quarter.", Einar Ytredal, CEO of GC Rieber Shipping commented.
"Although recently having secured new short-term charters and extensions to
ongoing charters, we expect an upcoming winter season with low activity and rate
pressure."
Please find the report and presentation for the third quarter 2020 enclosed.
Contact information:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02?919
About GC Rieber Shipping:
GC Rieber Shipping is a shipowner and project house with focus on developing
profitable and sustainable maritime projects.
Further information about the company, please go to www.gcrieber-shipping.com.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.