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    GC Rieber orders subsea vessel at Ulstein Verft

    Vessel & ROV News // June 7, 2012

    GC Rieber Shipping has ordered a high capacity subsea vessel from Ulstein Verft with an option for an additional vessel.

    The newbuilding, to be delivered in the first quarter of 2014, represents a total investment of approximately NKr 800 million.

    G C Rieber's CEO, Irene Basili, said: "The market for this type of vessel is expected to be attractive going forward. This investment is consistent with our strategy to strengthen our position in the high end subsea segment.

    "We have an attractive and flexible ship design with interesting potential also in the SURF market as well as a favourable delivery date."

    GC Rieber Shipping concluded 2011 with a fully booked fleet and significantly improved operational performance. The company expects strong demand for subsea work in the coming years.

    The vessel is a construction support vessel designed to operate in harsh environments and deep water and has a length of 130m and beam of 25m. It is built to the highest standard for dynamic positioning, DP3, and will be equipped with a 250 tonne AHC offshore crane.

    The ship is also designed to operate in the SURF market, with capacity for carrying pipe below deck and on the main deck and will be capable of embarking a vertical pipe lay system, to be installed above the moonpool.

    The ship will have capacity for 130 people and built according to the latest international environmental standards.

     

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