Nexans adds more time to ‘Polar King’ contract

Norwegian offshore vessel owner GC Rieber Shipping has agreed with Nexans to extend the charter of construction support vessel (CSV) Polar King by four months.

Polar King; Source: GC Rieber

The extended period will be in direct continuation of the ongoing charter, which started in January 2017, the vessel owner said on Thursday.

The vessel’s previous extension was announced at the end of July 2019.

In addition to the four months, Nexans holds rights to extend the charter by an additional five-month period, potentially taking the vessel well into the summer of 2020.

GC Rieber Shipping CEO, Einar Ytredal, commented: “It’s encouraging to see that we’re able to build on our good cooperation with Nexans and build additional backlog for Polar King.

“On the back of our newly expanded partnership, with ship management of Nexans Skagerrak, we look forward further servicing of Nexans under these broaden scopes.”

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