GC Rieber Shipping gets new partner on ice-breaking tug

Oslo: GC Rieber Shipping has said that joint venture partner Prisco has sold its 50 percent ownership share in ice-breaking tug vessel Polar Pevek to Mass Capital Offshore, an offshore oil and gas investment fund.

The vessel is on a long-term charter to Exxon Neftegas until 2021, and was purpose-built for GC Reiber and Prisco in 2006 to provide support to tankers carrying oil from the Sakhalin I offshore project in eastern Russia.

Irene Waage Basili, ceo of GC Rieber Shipping, commented “I would like to take the opportunity to thank Prisco for a good and professional cooperation over the last decade in this project, at the same time, I look forward cooperating with Maas Capital Offshore as our new partner”.

GC Rieber Shipping operates 13 special purpose subsea, ice/support and marine seismic vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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