GC Rieber Shipping contracts newbuild and enters into long-term charterVessel & ROV News // February 15, 2013
GC Rieber Shipping has entered into an agreement with Kleven Verft in Norway to build a new 22 streamer 3D seismic vessel with ice-class 1A.
The seismic company Dolphin Geophysical has contracted the vessel for a fixed period of five years. it will enter into the contract directly upon delivery from the yard in March 2015.
In addition, GC Rieber Shipping has entered into an agreement with Dolphin for a 3.5 year time charter for the seismic vessel Geo Atlantic.
Both agreements are subject to board approval and the total time charter value is approximately NKr 950 million.
As part of the agreements above, the existing contract Polar Duchess has been extended by two years, giving a total fixed term charter of five years.