Nexans Extends Charter with GC Rieber

Norwegian offshore vessels provider, GC Rieber Shipping, has secured a charter extension with Nexans Skagerrak, a subsidiary of subsea cables specialist Nexans Norway, for the CSV Polar King.

The first time charter agreement announced in March this year, was set for a fixed period of about 8.5 months, plus option for extension, scheduled to start in January 2017.

According to GC Rieber’s Oslo Stock Exchange notice, Nexans has now exercised a 13-months option of extension, effective from September 2017.

This extension should secure vessel utilization through September 2018, with options for further extension at a later stage, the company said.

As previously informed, the vessel will carry out survey, trenching and cable laying works in Norway, the North Sea, the Mediterranean and Canada.

The Polar King joined GC Rieber’s fleet in March 2011 following its construction at Freire Shipyard in Spain.

Subsea World News Staff

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