Polar Prince Delivered to New Owner

GC Rieber Shipping, based in Norway, has delivered construction support vessel (CSV) ‘Polar Prince’ to its new owner.

In May, the company announced that it has entered into agreement to sell the vessel to an undisclosed client.

Polar Prince, a multi-functional DP2 vessel was built by the Norwegian Flekkefjord Yard in 1999.

The 94 meters long vessel has since its delivery been used for inspection, maintenance and repair duties (IMR) on subsea installations.

GC Rieber earlier informed that the transaction will provide the company with an accounting gain of approximately NOK 10 million.