GC Rieber Shipping (RISH) has agreed with Nexans Skagerrak AS, to enter into a ship management agreement for the cable laying vessel, says an article published in Yahoo Finance.
What is in the agreement?
The agreement includes management of Nexans’ state of the art cable laying vessel Nexans Aurora once it gets delivered from Ulstein yard in 2021.
The agreement is expected to be executed in Q3 2019 and hand over of the vessel to RISH to take place in September 2019.
RISH’s fleet grows
The addition of these two vessels grows RISH fleet of specialised vessels, managed on behalf of third-party owners, from six to eight. These come in addition to the RISH owned fleet.
Agreed extension of charter
In addition to the ship management agreement, RISH and Nexans have agreed to an extension of ongoing charter of CSV Polar King by up to two months.
The vessel has been on charter with Nexans since January 2017 and were originally set to come off chart in August, the charter will now continue until October.
GC Rieber Shipping say
GC Rieber Shipping CCO, Christoffer Knudsen said that they were proud to have been selected as ship management provider for Nexans Norway’s highly advanced cable laying vessels.
GC Rieber Shipping CEO, Einar Ytredal commented that GC Rieber Shipping has a long history of being entrusted with the management of advanced vessels from other owners.
He added,“looking forward to expanding our third-party fleet by servicing Nexans as we now broaden the scope of our partnership.”
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Source: Yahoo Finance
