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GC Rieber to earn $20M crewing Sakhalin


Published Feb 26, 2009
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GC Rieber, StatoilHydro form new company

Bergen-, Norway based GC Rieber Shipping has put 90 million kroner ($13 million) on a couble of crew boats to operate off Sakhalin Island in the Russian Far East.

The boats’ conversion by June 2009 will help them work five-year contracts worth 145 million kroner ($21 million) in the Sea of Okhotsk for the Sakhalin Energy Investment Company.

The plan is understood to include the two boats in a 50/50 joint venture by which GC Rieber already operates the ice-breaker Polar Pevek in the Sakhalin area.

Tags: GC Rieber Shipping ASA



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