GC Rieber Shipping: Acquires full ownership of icebreaking tug Polar Circle
GC Rieber Shipping has entered into an agreement with its Joint Venture partner, to buy its 50% share of the icebreaking tug Polar Circle. Following the purchase GC Rieber Shipping will fully own the vessel.
"Polar Circle, designed by GC Rieber Shipping and built in 2006, is a testament to the strong maritime project development potential and excellent design capabilities within our organization. The vessel is unique and holds strong development potential. It has solid capabilities in environments that likely will carry high importance in the years to come", Einar Ytredal, CEO of GC Rieber Shipping commented.
The opportune purchase was priced significantly below book value and GC Rieber Shipping expects an impairment of approx. NOK 27 million in the fourth quarter of 2022.
Contact information:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919
About GC Rieber Shipping:
GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.
Further information about the company, please go to www.gcrieber-shipping.com.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.