GC Rieber Shipping charters Polar Prince, Polarbjorn

GC Rieber Shipping and its subsea subsidiary company, Technocean, have entered into charter agreements for the offshore subsea vessels Polar Prince and Polarbjørn and supply of IMR services.

Offshore staff

BERGEN, Norway -- GC Rieber Shipping and its subsea subsidiary company, Technocean, have entered into charter agreements for the offshore subsea vessels Polar Prince and Polarbjørn and supply of IMR services.

The charter agreement with Technocean for the vessel Polar Prince is extended until March 2009 with an option for further extension of up to six months. The vessel is in transit to Congo in West Africa, where Technocean has entered into an agreement with Total for delivery of IMR services.

A three-month charter has been agreed with Petromarker for the vessel Polarbjørn. The contract begins in early April 2009 and includes an option for a further extension of three months. The vessel will operate in the spot-market until start-up of the contract with Petromarker.

01/19/2009

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