GC Rieber has negotiated agreements for early redelivery of the polar research and subsea support vessel ‘Ernest Shackleton’ from British Antarctic Survey (BAS) and sale of the vessel to an international buyer.
The sale is conditional upon certain regulatory approvals, the company said.
If concluded, GC Rieber expects a positive cash effect from the transactions of approximately NOK 140 million in late second quarter 2019.
Ernest Shackleton is a polar research and subsea support vessel built by Kverner Klevin Leirvik, Norway, and launched in 1995 as the MV Polar Queen.
The vessel was acquired by BAS in Aug 1999 under a long-term charter arrangement and registered in the Falkland Island.
The renaming to the RRS Ernest Shackleton by Alexandra Shackleton took place in May 2000.
The vessel was renamed RRS Ernest Shackleton after the famed polar explorer.