GC Rieber Secures Work for Polar Queen
- Business & Finance
Norwegian company GC Rieber Shipping has entered into a time charter agreement with a Tier 1 client for the offshore construction vessel Polar Queen.
The charter holds two firm periods, one period of 45 days plus options with commencement of operations shortly, and one period of 50 days with commencement in February 2019.
The vessel will be used to perform walk-to-work duties and accommodation services.
This charter represents a contract coverage of 92% for the fourth quarter of 2018.
The Polar Queen was built at Freire Shipyard in Spain, and was delivered in October 2011. With temporary living quarters, the accommodation capacity is increased to 136 persons.