BERGEN, Norway – GC Rieber Shipping has entered into an agreement to sell the IMR/construction support vessel Polar King to an unnamed buyer.
Proceeds from the sale will be used to repay the vessel’s outstanding debt in full.
The vessel has been on charter with Nexans Skagerrak AS since January 2017. The contract is expected to end next month.
The Polar King was built at Freire Shipyard in Spain and delivered in March 2011.
The vessel has a 150-ton active heave compensated offshore crane, two WROVs, accommodation for 112 persons, and deck space of 960 sq m (10,333 sq ft). It is designed with environmental features for worldwide service, compliant with SPS 2008 and with a Clean-Design and a Green Passport.