Non-Oil Company Takes CSV Polar King on Charter

Norway’s GC Rieber Shipping has entered into a time charter agreement with Nexans Skagerrak, a subsidiary of Nexans Norway, for the CSV Polar King.

The charter, which starts in January 2017, is set for a fixed period of about 8.5 months, with options for up to 16 months additional work.

The vessel will conduct survey, trenching and cable laying activities in Norway, the North Sea and the Mediterranean.

“This is an interesting contract for us with a new customer in a non-oil related segment characterized by high activity and a strong project pipeline. Nexans is a solid international player with a strong presence in Norway, and we look forward to cooperating with them,” said GC Rieber CEO Irene Waage Basili.

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