GC Rieber Shipping delivers CSV Polar Prince to new owner

GC Rieber Shipping ASA, a Norwegian shipping company, has delivered a construction support vessel (CSV), the Polar Prince, to the new owner.

The company recently entered into an agreement to sell the CSV without revealing the details about the new owner. However, the company did reveal that the transaction will provide it with an accounting gain of approximately NOK 10 million ($1.3 million).

The Polar Prince is a purpose built, multi-functional DP2 CSV built by the Norwegian Flekkefjord Yard in 1999.

According to GC Rieber, the vessel has since its delivery been chartered by several major subsea contractors for inspection, maintenance and repair duties (IMR) on subsea installations.

The Bergen-based GC Rieber Shipping currently operates 13 advanced special  purpose vessels for defined markets within the subsea, ice/support  and marine seismic segments, of which 11 are owned by the company.

Offshore Energy Today Staff

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