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    GC Rieber Shipping sells Protector

    Vessel & ROV News // September 27, 2013

    GC Rieber Shipping has entered into an agreement with the UK Ministry of Defence on the sale of the icebreaker HMS Protector.

    The vessel has been on a bareboat charter to the buyer since the spring of 2011. The sale provides GC Rieber Shipping with an accounting gain of about NKr 370 million; the cash effect is NKr 485 million.

    HMS Protector (ex-Polarbjørn) was purpose-built in 2001 for expeditions to the Antarctic and for subsea assignments offshore.

    The UK MoD, a long standing client of GC Rieber Shipping, has been using the ship as an icebreaker and patrol vessel for the Royal Navy in the South Atlantic and the Antarctic since 2011. It has also provided support for UK Foreign & Commonwealth Office and British Antarctic Survey.

    As part of the contract, GC Rieber Shipping will continue to support the vessel on a Contractor Logistic Support agreement for 12 months.

     

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