Norway-based offshore fleet owner Rieber Shipping has posted third-quarter profit after tax of 33.4, or down about five million kroner over the same time last year.
Rieber could boast soaring operating income of 153.2 million kroner, up some seven million kroner year-on-year.
The company invested 120 million kroner in the quarter on the oilfield monitoring capability in Hexio AS and bought survey ship Geo Explorer.
In a report, managers showed the company fleet booked solid, with ice-class and icebreaking offshore support ships under contract until 2021.
“The long-term (in subsea) remains positive,” shareholders were told Thursday.
“There’s great potential in Russia,” management added, but it requires local content.
Rieber’s offshore ice class vessel Ernest Shackleton is on charter to the British Antarctic Survey until 2014, while the Polar Pevek ice-class tug will ply the arctic at Sakhalin until 2021.
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GC Rieber Shipping ASA
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