GC Rieber Shipping, through its 50:50 joint venture with Russian partner Prisco, has entered into new one plus one year charter agreements with Sakhalin Energy Investment Company (SEIC) for two crewboats Polar Baikal (pictured) and Polar Piltun.
The operations under the new agreements will commence in the Sea of Okhotsk in June 2020.
This is the second time the charter has been renewed. The vessels were originally purchased and modified by GC Rieber Shipping and Prisco back in 2009, initially entering a six-year charter with SEIC.
The agreement was extended in 2015 for another five years.
The new contract is for one firm season, 2020, with an option to extend for the 2021 season.