GC Rieber Shipping to Manage Nexans Cable Layers

Norway’s GC Rieber Shipping has agreed with compatriot Nexans Skagerrak AS, a wholly-owned subsidiary of Nexans Norway AS, to enter into a ship management agreement for the cable laying vessel Nexans Skagerrak.

The agreement also includes management of the Nexans’ cable laying vessel Nexans Aurora once it gets delivered from Ulstein yard in 2021.

The agreement is expected to be executed in the third quarter of 2019 and hand over of the vessel to GC Rieber Shipping to take place in September 2019.

GC Rieber Shipping CEO, Einar Ytredal, said: “GC Rieber Shipping has a long history being entrusted with management of advanced vessels from other owners. We look forward to expanding our third-party fleet by servicing Nexans as we now broaden the scopes of our partnership.”

In addition to the ship management agreement, GC Rieber Shipping and Nexans have agreed to an extension of ongoing charter of CSV Polar King by up to two months. The vessel has been on charter with Nexans since January 2017 and was originally set to come off charter in August. The charter will now continue until mid-October.