Reference is made to stock exchange notice 31 March 2016 and 15 September 2016 concerning the contract with Nexans Skagerrak AS (Nexans) for the construction support vessel Polar King.

Nexans extends the charter for construction support vessel Polar King
Caption: Construction support vessel Polar King - Image courtesy of GC Rieber Shipping

The 21 months charter commenced in January 2017, and the previously agreed firm period was set to end in September 2018.

GC Rieber Shipping and Nexans have agreed to extend the firm period of the charter with 11 months, meaning the vessel will be employed through August 2019. The vessel will continue to support the world wide operations of Nexans.

"We are pleased to see that the vessel, crew and our organizational capabilities are recognized by Nexans in a competitive market. We look forward to continuing the good cooperation with them", says CEO Christian Berg.

Source: GC Rieber Shipping